welcome BSD... well CPF is def. the place for learning how to make LED lights.. I think you are on the track... building test ckts outside your light is a good idea..
If you want the most bang-for-buck you can build yourself a very simple ckt to have a 'did it myself' and have amazing output from a single AA light..
MrAl designed an 'LDO' ckt for me that i tweaked for my projects and i've used the design in several drivers, it's easy to customize and is pretty 'nuc proof'.. (navy version of foolproof)..
http://ldo.rouse.com is the ckt.. it works with a Litiium Ion cell.. and you'd need a charger too...
http://charger.rouse.com shows how to build one for just a few bucks... there is a lot of overhead in getting the parts for the charger so if you can't source them cost-effectivly i will typically sell a 'diy kit' that includes all the chips you need for $10... but you can also buy chargers and cells from AW so that's probably the way to go.. maybe for $20 get 2 cells and a charger.
With the LDO driver you only 'drop' voltage.. you start with a single LiON cell that starts at 4.2 but drops to about 3.5V during use... the lux emitter you'd want to run between 3.7 and 3.5V most likely and the 'LDO' ckt drops the difference, keeping the voltage at the emitter fairly constant.
the LDO ckt described in the thread mentioned has about $2 in parts... you will need some serious magnification to do the soldering you'd want to buy spare parts, but even if you bought 3x it's $6, and there is tremendous satisfaction when you build your first one and it lights up!
you can look at
http://rouse.com/circuits and
http://rouse.com/nano to see my 'dead bug' circutry which you can mimic.
If you start with a host like an AA single twisty style light... the toughest part is building the little circuit board.. i can make 14mm and 10mm diameter bare copper blanks in seconds, you can to with a $15 cutting tool used for making 'plugs' that you'd cover up screw holds when woodworking.. called of course a 'plug cutter' they are available in any size...
http://bitsnbores.com/ is where i buy them, but i can include a couple free if you buy the chips to make your LDO from me (i don't really 'sell them' ala dat-2-zip store.. it's just a 'favor for CPF members' thing i do occasionally.
AA alkaline batteries i don't trust for more than 1.5W of power.. AA Nimh you can get 2+ from but an AA LiON has no problem putting out 4W+.. it will get blazin' hot in an AA running that bright.. i would configure it to be like 500-600mA and you'll get 50+ lumen of light.. stunningly bright... if you can find a host that will fit a McR20 or McR18 reflector you will be doing yourself a favor.. and the higher the drive the more you have to worry about heat-sinking.. my driver can be configured for just about any current level i use a potentiometer in the one-off desgins so i can change the level with a dial, but i dropped that for 3-level twisty design with 3 pre-determined resistor-set levels now.
http://nano1.rouse.com i believe is the thread for my AAA version of the light you are attempting to make. (which you will make actually given enough motivation).
Good luck have fun, be prepared with spares of 'tiny' parts and keep asking questions.
-awr