Other than the capacity being 800mAh at best, it's fine.
And since it's an all-Fenix marked factory bundle, the light's driver circuit is designed to handle multiple inputs at different voltages, like the 3.xV of a disposable 123a or the probably 4.2 "full" voltage of the 16340/RCR123a.
Although a 16340 can be a bit different than an rcr123a, the number scheme is really just dimensions, 16mm wide, 34mm long "0" denoting round/cylindrical. (18650 being 18mmx65mm and round/cylindrical) There's a few different lithium chemistries they could be using, and then add onto that the usual Chicom habit of identifying things as whatever they want.
But Fenix has been top-notch in my experience with three different lights, all still working great. One being an older version of that same light I've had for about 8 years going now.