I agree with JeremyR. Do not overtighten the battery spring and tube with batteries larger than 18350. Doing so can lead to premature failure of the Sigelei. A flat spring is way too far compressed. Don't tighten the spring much past 1/2 of the uncompressed length of the spring. The telescopic tube will not wiggle when you pick up the Sigelei or while you press the button with the spring 1/2 compressed. Sure, you can wiggle the tube if you try, but do you normally do this while operating the Sigelei? If you can't visualize what 1/2 spring compression would be by looking at the cap and spring and how far it's going into the tube when screwed onto a battery try this...
Sigelei Zmax Telescopic battery tube adjustment
Flat top or button top, doesn't matter with these instructions.
-For 18350 battery. Using the tall or short battery caps screw down the telescopic tube to the shortest length. Screw down the battery cap all the way.
-For 18490, 18500 and 18650 batteries using the tall (15mm) battery cap. Place the battery into position in the tube and adjust the tube length until only 1/16" to 1/8" of the battery extends past the end of the tube. Tighten the tall cap all of the way down.
-For 18490, 18500 and 18650 batteries with the short (10mm) battery cap. Place the battery into position in the tube and adjust the tube length so that the base of the battery is 1/8" to 3/16" below the end of the tube. Tighten the cap all of the way down.
Keep in mind that the battery springs found in both the tall battery cap and the short battery cap are the same size. They are identical springs. For all batteries longer than 18350 the goal is compress the spring about 1/2 of its relaxed length regardless of the cap size. The short cap will give you the shortest overall length for the Sigelei with a 18350 battery inside. For 18490, 18500 and 18650 batteries the overall length of the Sigelei for each battery size will be the exactly the same when using either the tall or short battery caps so long as the spring is 1/2 compressed. The only advantage to using one cap or another at sizes above 18350 is the tall cap will be much easier to screw on than the short cap. It may be necessary to use the tall cap with 2x18350 but I neither do or recommend using stacked batteries.
I have the same degree of thread slop in both my new and older Sigelei V3s. Naturally, there is much less thread slop when the tube is shortest and the most slop when fully extended. Another benefit of using Noalox is a reduction in thread slop. Neither one of my Telescopics will show tube wiggle during use. If I want to sure I can grab the top and bottom sections to make the tube wiggle but I don't do this when actually using the Sigelei.
Typical lengths I get on Sigelei V3 Telescopic with different batteries. Just an estimate depending on how tight I compress the spring.
18350: 100mm with short cap, 105mm with long cap.
18490: 111-114mm with either cap, spring 1/2 compressed.
18500: 112-115mm with either cap, spring 1/2 compressed.
18650: 127-130mm with either cap, spring 1/2 compressed.