On a Leadlight 5mW - Just turn it up full, there shouldnt be a problem. To get it around 500mA - you'd have to start changing surface mounted componenets...
And no, the potentiometer doesnt stop turning, if you turn it too far, it will eventually end up back at allowing a minimum amount of current through...
You'll know if you go too far, as the laser wont work when you press the button down... if this happens, just turn the pot slightly back in the opposite direction.