Forgive the stupid question, but why does the LED impedance matter in this application? From your previous post, mu (38) * 40 ohms is 1520, added to an rp of 3500 = 5020 ohms. Two red LEDs in series, assuming 10 ohms, would be 20 * 38 = 760 + rp (3500) = 4260 ohms. Higher, but not huge? I'm sure I'm missing something here?