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Unfortunately, it will not run your standard LPCs with 3.7V in. This is for two reasons:
1) It's not continuous ground
2) It has a Vdrop of around .8V (need to find out the actual Vdrop).
Current is adjusted by pot for now. However, I have thought of a way that I could develop a larger version which would be pot adjustable and have less of a Vdrop. But that may come in later editions as larger, 16mm round boards. For now, I will keep these on the cheap end and do resistor adjustments.
With crappy batteries, I was drawing about 1.2A at 7.7V (with no load, I guesstimated a Vdrop to about 7.2V, but even without that, it's still decent), which would give, at the very least, assuming no internal resistance on the part of the battery, an efficiency of approximately 77%.