For NiMh batteries to work you need at least 4 cells in series, with that configuration they are an excellent setup for vaping IF you don't mind a bit larger form factor. 4-subC NiMh batteries are available and will fit in place of any 18650 application that is not using boost. I personally prefer the 4-AA in a box to supply a day's worth of vaping (3-5mL) at 2.5-3.0 ohms.
There is much more promise in NiZn 1.6V cells for a smaller form vaping power battery. I've been using a set with a box mod, and 2.0 ohm DCC tanks. Measured just off the charger they are about 7.5V and drop to 6.7V with the DCC, but the 4.0 ohm coils handle the power quite well.
Regarding safety, I have had an atty connector short out completely on my NiMh AA setup, the batteries did not vent, did not flame, did not even get warm, they just stopped working, no charge left. Repaired the connector and recharged the batteries and they still work just fine. I have Li-ion batteries and mods that use Li-ion but have switched mostly to using the NiMh or NiZn for ease of charging, ease of purchase, low cost and long life.