the Arc is a nice little flashlight. i used to have one, but it wasn't very bright. now, they have the "Premium" edition.
compared to the Fenix E0, my older Arc (non-Premium) wasn't as bright as far as i can recollect, but maybe the newer Premium edition is brighter even though they have similar Lumen ratings – don't know as i haven't personally compared them. According to FLR (FlashlightReviews.com, the ArcPremium has 53lux (not lumens) of Throw, and 520lux Overall output, compared to 34 and 300, respectively for the E0. The E1 which has a shorter battery life (than even the ArcPremium) puts out more light at 132 and 790, respectively. I personally don't like the E1 due to its poor battery life, but it does put out 12lumens with a single fresh AAA batt. which is quite bright.
For task/proximity lighting, brightness is not the issue for me. I haven't yet found one reputable task light that doesn't put out enough light for its intended purpose. Hence, cost (most are fairly inexpensive at the lower to mid-range, but $40 is, IMO, expensive for a task light – sure $40 ones are VERY GOOD quality in all respects), and PRIMARILY BATT. LIFE is most important to me. For example, the ArcPremium (acc. to FLR) reaches 50% brightness ~5h, and 25% brightness in ~8.5h. The E0 reachdes 50% brightness in 12.5h, and 25% brightness is off the chart (over 15h – so, my guess of 15+h of usable task lighting, mentioned elsewhere, is probably correct – Fenix claims 18hrs). According to the burn time plots at FLR, it appears that the E0 at 15h will be as bright as the ArcP was at 8.5h (it dies ver soon thereafter). The E0 will be brighter than the ArcP long b/f this 15h mark also. The ArcP just starts life 67% brighter, but much more quickly looses that brightness. In task lighting, for me personally, this is not valuable. Why have more light than i need, for a shorter period of time, i ask myself. The answer to this questions SHOUTS back loudly, viz. less light longer burn time is what i need. Other needs may be diff. fr/mine, however, so YMMV.
Don't even think of using Li AAA batts in the ArcP – they only hurt burn time, though they keep the little light brighter longer. Again, is this what one really wants in a task light? If so, go with the ArcP and carry a spare batt. In either case, alk. or Li, one will have to carry at least one spare batt (2 spares if going w/Li batts) to equal the burn time of the E0 – which, BTW, means that you'll be changing batts less often with the E0 (this was mentioned as a possible problem in another Post).
the bottom line in brightness for these two (ArcP. & E0) is that either really suffices for task/proximity lighting. beyond that, for me personally, neither would work for night hiking. perhaps, with new batts i could slowly walk a distinct, non-demanding path. i personally like to have 12-15 lumens of light (preferably 15) for spotting low contrast, faded, blazes up ahead on unfamiliar leaf strewn/covered trails. some younger individuals tell me that they can get by with 7-8 lumens (hence, one young buck who PM'd me, deciding to possibly go with the 7.5lumen output of the L0D-CE for his JMT thru-hike – amazing, "Owl-eyes"). even that lower 7.5lumen number is beyond the Arc's capabilities. however, if one only wants in-camp task/proximity lighting, then the Arc-Premium is a fine flashlight – no mistake about it.
COST is another story however. E0=$18.50 (from BrightGuy.com), Arc Premium (same Mfr rated light output, but, in actuality, it's brighter than the E0 on fresh batts) is ~$40. That's quite a difference. The regular Arc is ~$30, but doesn't have the rated light output (just 3lumens vs. 5.5lumens for the E0 and Arc Premium – so given Arc's more stringent rating standard, they're maybe about the same starting brightness, i.e. on fresh batts).
batt life goes to the E0. i regularly have gotten well over 10hrs of light from a single batt. i didn't time it, but 15+ hrs wouldn't surprise me either (i just don't want to overstate anything and be accused of prevericating).
two-handed operation for the Fenix? true for some models, not for others. two-handed is a pain, i'll admit it. this is mitigated somewhat by the fact that i'm NOT frequently turning it on-and-off or changing lighting modes. i turn it on and pick the lighting level i need for what i'm doing at the time, and then clip it to my capbrim.
the E0 has the clip BEHIND the bezel, so it's really a one-handed operation (i've done it some many times, having run 3 AAA batts through my E0 at this point in time). Those Fenix models with a tail/butt cap switch (e.g. L1D-CE, and L2D-CE, and a host of other models) = one-handed operation. Others, e.g. E1 (unless clip is moved further back which is doable since the E1 is a very small, lightweight flashlight), P1D-CE, L0D-CE are two-handed operation which is definitely not as convenient as one-handed but,… for what one gets in terms of light output and battery life it might not be that objectionable.
the reverse polarity protection comment is a good one. however, i would venture to say that anyone reading this Post could replace the batts in any Fenix flashlight blindfolded or on a completely dark night. They're, IMO, 1) easy to open and close ("righty tighty, lefty loosey" as we used to say in the Military – you just screw & unscrew the head or tail, depending upon the model – nothing to line up by sight & very little "feel" involved to get them started), 2) easy to remove the batt, 3) easy to feel identify the positive end of the batt by feeling for the nib and inserting it into the barrel of the flashlight. one just needs to pay att'n to what one is doing which may not always be easy due to high winds and lashing rain, shivering/shaking, etc.
My vote for a single AAA flashlight to be used for task/proximity lighting goes to the E0 (cost and batt life being the deciding factors, IMO), but the Arc is NOT a bad choice either.