Thanks BM,Spec,
Just to be clear, your previous design with the low amperage could be adjusted to work well at 120ma but the led wouldn't work. On your new design, the led works. But I can't get any current out of it. If I set the voltage to 7.2v with a 1k resistor (I assumed that's how I was to set it on this design also) the current is 2ma. If I then adjust R7 for more current I can get a bit more but that's because the voltage increases. Your previous design did not do that. So since basic concept is the same, something is not working correctly now and I thought you'd like to know. Does that make sense?
I will give what you say some thought.
What supply voltage and type are you using for these tests?
spec