What COLOR are you going to use? LE10W LEDs vary greatly in voltage requirements, which will impact my recommended setup.
In any case, with an MR board you will definitely need a hybrid setup of some sort. For example, I have setup an MR via a single 3.7V 14500 cell, with two more cells in a separate series circuit plus 1A buck. Both circuits were closed via a DPDT switch. Upon startup, two dice of a Green LE10W received 1A from the buck, and a third dice received 1A from the MR board. The four die was not wired, but in the case of the LE10W Green, it didn't matter because it was STILL noticeably brighter than a LuxV Green, plus I had MR sound (LuxVs cannot be run off an MR board normally, due to the LED's high voltage requirements). '
It's a double positive. I discuss it in more detail in the "LedEngin Discussion Thread".