The number one thing that I'm looking for in a lighter is reliability. I've had many a butane torch lighters that have crapped out on me. My lighters have primarily been Colibri and Xikar.
I do like the ergonomics/design of Xikar lighters..........on the Xikar Executive, the ignition is on the side which keeps your thumb from feeling the heat when lighting.
As far as price, I don't think I would pay more than $40 for a good lighter. Also, I prefer a torch lighter over a regular lighter.
Hope this helps. When you do create your lighter, feel free to send me one as a test product!Good luck.
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