I've used a Moonlight for mountain biking - from the shooting hut down to the Chapel road in the Peak and I don't recommend it if you want to survive for long...
The Moonlight is brighter than the Tikka and okay for walking, but too diffuse for biking. Good for being seen by car drivers though. The Lucido T7 lloyd mentions, costs around 60 squid, which is a lot for a head torch. If you're going to spend big bucks for mountain biking, take a look at the Lumicycle set-up. Not cheap, but ideal for biking and, if you were prepared to carry the weight, massively more effective than any walking/climbing head torch I've encountered. A 12-watt lumi with a 20-watt flood on the bars should get you though anything - unfortunately it costs around 160 quid...