Obviously it is going to matter most what kind of shooting you do. Eneloops are beloved, but you can be quite sure that most any of the AAs made in Japan (for instance the older Duracells with a white cap) are the Eneloops rebranded. As for the Ray-o-vacs - bad for use in a camera, but not a bad battery for general use - including flash. The Ray-o-vacs tend to lose a bit of voltage early and then remain steady with plenty of current remaining. This is not good for cameras as they need every bit of voltage they can get (the OEM battery is 7.4v while the fully charged AAs are already under 5v). However, the Ray-vac is a great general use battery for other applications.
What I have found as a general rule is that the lower capacity (typically 2000ah) AAs that are precharged (often designated as hybrid) work best in the cameras. The higher capacity batteries not designated for long shelf life are more likely to cause trouble, and tend to wear out quicker. All it takes is one battery not reaching full voltage to screw up the pack.
I agree that Pearstone (BH) is the best generic you can buy. My Pearstone for the K-01 (and K5) works just like OEM. Every other generic replacement has either under-performed from day 1, or failed within a year.
Last edited by ScooterMaxi Jim; 07-11-2013 at 08:35 PM.