Tracing the board circuit seems to show that the collector pin of the transistor (the 3-pin device in the lower left) is connected to the LED contact on the left, which should be LED+. Pin 4 (Isense) of the C300 boost IC (the 5-pin IC in the lower right) is connected to the emitter pin of the transistor, and both are connected to the R050 sense resistor. The other end of the sense resistor is connected to the LED contact on the right, which should be LED-.
Vsense for the C300 IC is 19mV. For the sense resistor value of R050, the drive current in theory should be 380mA.
Interesting that Pins 1 and 3 of the C300 are tied together, since Pin 3 has no function. For the C310, Pin 3 controls shutdown mode, so presumably the MagLED board is designed with the C310 IC in mind as a slipstream upgrade. Don't see any diodes or caps (the small cap in the bottom right corner looks like it's on the input side) on the output side, so it looks like the driver sends pulse/switched current to the LED.