I have to admit that I like the Silva MR350 that I've been using these past few months. It tilts, has orange and red l.e.d. options as well as three levels of white light from blinding to reading. It is also water-resistant, a facility that is useful when out and about, certainly in the U.K.. It's also pretty compact and runs on 3AAA batteries that are easy to replace and actually last a long time.
Having tried a range of torches over the years, I have to admit to being very impressed with the simplicity and durability of this one.