7805 alternatives

I'm not sure how much you want to spend.. but if it's a setup worth spending money on... you can get a switching regulator that can give you up to 95% efficiency with batteries.. and has even a lower-dropout voltage than LDO regulators.

http://www.robotshop.us/Dimension-Engineering-Switching-Regulato-2.html?utm_source=google&utm_medium=base&utm_campaign=jos

They also have variable regulators with a trimmer pot built in, so you can just attach the input.. ground and output, then control the voltage with the pot on top.

http://www.robotshop.us/dimension-engineering-de-swadj.html