Newbie,
Both lux and Vf measurements are taken with the luxeon running at the test current for at least 5 seconds. At high currents, I did notice an initial drop from powering the luxeon of about 0.01-0.02V, and 0.2-0.3 lux, then the reading stayed steady. I leave things running for a few seconds after the reading just to make sure the reading I took was a steady value.
Both lux and Vf measurements are taken with the luxeon running at the test current for at least 5 seconds. At high currents, I did notice an initial drop from powering the luxeon of about 0.01-0.02V, and 0.2-0.3 lux, then the reading stayed steady. I leave things running for a few seconds after the reading just to make sure the reading I took was a steady value.