So my 2nd test is done and this time I got 2hrs 28min with the Li-Ion & NiMH AA's. I got about 2hr10min form the Li-Ion and 18min or so from the NiMH AA's providing Phantom Power to 2 mics drawing 4mA each.
That's better than my original test but still not as good as MaxJames results.
I have ordered a 2nd Li-Ion battery and hope that I'll be able to swap it out after the 1st one dies and then have it continue seamlessly with a new one installed. That should give me plenty of time for most applications I need it for.
I also plan to get some kind of external battery source and try running it off that, see how that goes, I've got a few festivals this summer and I'd like to catch as much as possible with this unit.