Rechargeable - good idea
LED - good idea

I have bought cheap one of various sizes, with hanging hooks and magnets - from Harbor Freight, Northern Tools, Jegs, etc

I have never had one go bad (all foreign manufacture, no doubt).

Tim
1954Advance-Design.com
1954 3106 Carryall Suburban
1954 3104 5-window pickup w/Hydra-Matic
The 216 and early 235 engines are not "splash oilers" -- this is a splash oiler.