Well, normally, we use a 1W 250 ohm potentiometer. The reason why we use the 1W pot is because we replace the pot with a 1W resistor. Using the 3W pot, the reading you are going to get is going to be for a 3W resistor. Good luck finding those :-\.
You only put the pot on the red. The blue gets wired direct. The green doesn't get wired at all. I would remove the board from the mix to start out with, to make sure the LED is OK. The LED should be bright. Then put the board back in the mix. If it is significantly less bright you have a problem with the wiring of the board.
To get your color mix, you are going to need to make yourself up a test set up. We normally use a TCSS heatsink, with a bladeholder, lens and LED so we can put a blade in. Without the blade, you are not really going to be able to tell the color. The color, also, will vary with which blade type you use, so you should have the blade you are going to use with the saber. Once you have all this set up, adjust the pot until you get the color you want. Measure the resistance with your meter, and you should get the correct ohm reading. Then, replace out the potentiometer with the correct resistor.