As said, multi cell lights are fine with a little understanding(like you will have running single cell lights, dont over charge/discharge etc etc etc). Just make sure you buy the cells together(as a batch) from a reputable seller. A 4 bay charger is definitely the way to go, keeps things so much easier all round. I have many multi cell lights, never had any issues over the years........even with notorious lights with high parasitic drain(TM06).
If you get a charger with a V readout, this makes everything easier as well, saves breaking a multi meter (MM)out all the time. Still anything new, its worth checking the voltages on the cells to compare against a MM. Then you know the voltage you are seeing is within spec . With any new light, i top cells up, use for set time and check the voltage. I do this a few times(every time i place on the charger i always note the V to)to learn the light. This way i dont always need to top off every time(although i do that with some lights so i simply know i am good to go). (example)Your walk maybe 30mins, 250lm you may find adequate , so just need to top the cells off once a week. Then again, you may be a turbo addict, may find you need to top them off every night
My point is if you get an idea of your use and where the voltage is, your very unlikely to be left in the dark. Pretty much most lights have a way to tell you your voltage is getting low, be it dropping out of turbo and not holding higher modes, maybe flashes/blinks or simply shutting off. This is before the manufacturers min spec(2.5/2.7v dependent) and usually around 3v(variable) . At or near this voltage, a light will not hold turbo level........
4 cells in parallel as eh4 mentions, a great light that springs to mind is the noctigon meteor ................
26650 fed lights for me do have a nicer in hand feel being a little more in diameter(just feels better, subjective). They do offer a little advantage over 18650, but nothing major and certainly not comparable to a multi cell 18650 light(typical 4 cell). Certainly a lot more choice in 18650 flavour...............
What is important with a multi cell light(for me anyway)is after use, checking the cell voltage are all very close. I dont want to see 2 cells at 3.8v and 2 cells at 3.2v for example! I want to see them all very close in voltage. So with any new light(could always potentially have a fault/issue as with anything electrical) i always monitor the voltage, know i am putting in(example) 4 cells at 4.2v. When the light is used, i check the cell V usually by placing on a trusted charger and taking note of each voltage. So i may see 3.65/3.64/3.64/3.64 which is cool and i roughly know i have used around 50% of the tank(rough example). These cells would be topped back to 4.2v ready for the next use................being a turbo addict .
Cant do this on battery packs unless open up like the rc40 and x65, but if its an 8.4v(2s3p) pack as an example, you know it should never get bellow 6v(3v+3v). As i always check voltages, my rc40 pack actually terminates a little low(good by me as it can increase the life a little bit over time) . Some packs actually have a gauge, the rc40 for example has 4 lights at the cap, so easy to keep an eye on. I digress.........