OK, I'll go first.
I note that this board does not use an input filter capacitor. This is very unusual for a switching regulator. The reason this circuit works well without one is that used as intended, the battery is electrically very close to the circuit. The capacitance of the battery is thus able to serve the function of the missing input capacitor. If for your purposes you power the board from batteries more remotely located, or from a power supply as might be the case during various experimentation, the circuit may misbehave without an input capacitor. I found that adding 1uF at the input was adequate to permit stable regulation while operating from a bench power supply. I did this on the battery contact side of the board assembly. Using a Dremal type tool with an abrasive stone tool, I removed some of the solder resist from the positive and negative traces to permit installation of a 1206 case size capacitor.
On the front of the board there are two tiny components [0402 case size] between the IC and the inductor. This is an RC network to "compensate" the IC, i.e., insure stable operation. Mine where delivered with R=2K and C=30nF. Buried somewhere in a thread in the ARC forum is a post by Wayne reminding Peter that Wayne has recommended that the values be changed to R=0 and C=100nF. Looking at the datasheet for this IC, this change makes sense to me too even though the as built board worked OK under the conditions that I tested it. Implementing Wayne's recommmended change should make the circuit more stable through a wider range of variation of various variables. You don't even have to remove the existing components to do this. You can just bridge the two pads nearest the IC with a 100nF cap. I managed to get a 0603 case size in there. It was a bit ugly but it was what I had handy.
On the boards I received, the LEDs were mounted using a thin, double-sticky thermal gap tape. While this may be thermally less effective than something like Arctic Silver epoxy, it has the advantage that it makes changing the LED much easier if you wish to do so. One thing to watch out for is that the hole in the flex PCB for the emitter slug is only very slightly larger than the slug diameter. You must be careful to center the slug in this hole. If the slug is misaligned and one edge of the slug is resting on the flex PCB material it will compromise the thermal conductivity of the thermal joint.
Testing with a bench power supply demonstrated that the circuit regulates nicely down to a Vin of 1.6V and then rather abruptly goes into "moon mode" between 1.6V and 1.5V.
General comment: I like the overall design approach that was taken with the circuit and the integration of flex PCB with the heatsink. Wayne, Peter, and Company did some good work. I *can* see that getting the flex PCB aligned on the heatsink must be a real PITA. I guess the upside of this is that it helped create "grey kits" for our enjoyment.