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Gazoo said:Looks good so far...I use similar pc boards too. With the rheostat set at the least resistance, you will be applying 250ma's to the diode. Since it came out of a 16X DVD burner it should be able to handle it. But I would try around 160ma's since you should be able to light matches and so on. Just keep in mind with anything less than 6 volts powering the circuit the regulator will begin to drop out.
Also for safety's sake, it is best to solder the capacitor directly across the diode. However if all of your connections are good you will be ok. Just make sure you have your meter connected before you apply power. The best way is to connect a 1 0hm resistor in series with the diode and measure the voltage across it...this will give you your current and prevent possible damage to the diode from a bad connection on your meter.