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You have a weaponlight on your go to rifle in the safe. A couple months goes by before you take it out to use. The rechargeable battery is dead. Not "exercising" a rechargeable battery from 20% to 80% is hard on the battery's life. If you use the gun/light often, sure rechargeable makes more sense.
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This is pure BS. Your 18650 will have over 70% capacity after a year in the safe stored full charge no matter what. Sure you might decrease the mean number of charges it lasts when stored fully charged and if recharging annually but it will be more than a decade before that is a consideration.
I have some 16650 I leave in a rifle bag as spares and one in a weaponlight in the trunk 365, even through summer. They are stored fully charged and hit temps of 140 F in summer. They get charged back up only if used during the year. The worst battery is about 90% of original capacity fully charged and the worst capacity I have had at one year straight in the trunk (7 months as a fully charged spare in rifle bag followed by 5 months stored in rifle unused) was over 70% charge from a new full charge (2500 mah when new) pulled out in winter after summer storage. That battery was also over 4 years old being used and stored this way. The worst thing you can do to a lithium ion is store fully charged at high temps. The lowest capacity you will measure is during the freezing temps of winter. So this is a WORSE case scenario. Stored in your home, expect 80%+ run time of stored lithium ion cells after a year. Expect over a decade before you have any that MIGHT be under 80% stored in a temp controlled gun safe.
Quality lithium rechargeable batteries (I like Keeppower for most cells) are incredibly durable and resilient for the first hundred recharges. Sure, past the first hundred charges issues crop up, but by then who cares if you have to replace a cell here or there.
The only rechargable battery type I have found to be MORE resilient is the low discharge NiMH Eneloops made in Japan. And even then I think quality lithium ion cells have more in common with the Eneloop's ability to hold a charge and last in storage than anything else out there.
Modern lithium ions are not like China made lithium ion cells from 20+ years ago nor are they like non-low-discharge NiMH cells or NiCad batteries you may have experienced in the past. They are low self discharge and very robust for 100-300+ charge cycles depending on how they are treated.
Will they hold up to 1000+ cycles like an Eneloop? No. But who runs 1000 sets of 123 cells through any light? Who could even afford to?