I have done some work with the pots on the v5.0 board. You will notice the pots are marked W1, W2... W5. These are Bourns 12 turn SMD pots as seen here
Trimmers | Digi-Key
W3 sets the on delay. Min delay is CCW, Max delay is CW
I turn the other pots full CCW 12 turns to ensure they are fully to the CCW side. Then, I turn them 6 turns. This sets them to the middle of the range of the pot.
These are my settings and with this I get an 11mw average, 15mw peak.
W2 - 1 turn CW from centre
W1 - centre
W4 - 1 turn CCW from centre
W5 - 1 turn CCW from centre
oddly, I was getting 20-30mw out of this laser and i had a 56mw peak on start up. I am not sure why I am not getting those kind of readings now. I simply have no clue.
Update: Originally I had W2 at 2 turns CCW from centre. however after running the laser for a number of minutes, the driver heatsink got very hot and the output of the laser dropped a lot. I adjusted it back to centre and its running cooler and more stable now.