It depends. Will the LEDs be sufficiently bright at a lower current? If so, there's no reason to operate them at the maximum continuous current rating.Practically should I reduce the forward amperage
If the max current of your LEDs is 20mA, then yes, you don't want to run at that current and 10-15mA is fine. Some highBrightness LEDs give off a lot of light at just 1mA.For the following schematic I get the following currents - they are close enough to 20ma to be satisfied theoretically. Practically should I reduce the forward amperage (in this case using 20ma) to something smaller say 15, 16 mas?
Sorry I don't know how to answer this question, must mean I have done something wrong : )The flow in your schematic is mostly conventional, but why did you choose to draw it "sideways" from how it would typically be drawn?
I'm sure he'll understand your version as well. Black and white is boring but still understandable.View attachment 278634
Note the use component designators and the lack of colors.
How does running a simulation with the LED Vf set to 1.6 V indicate that the TS might have made an error in their calculations for LEDs with a Vf of 1.16 V?Here is what I get for 20 ma and a forward voltage drop of 1.6 Volts. There might be an error in your calculations.

Some people have silly rules for their drawing and some simply get paralyzed when they see something outside of the way some "expert" or "professor" said was "right". I say, let the newbies be creative - as long at the plus goes to the plus, the minus goes to the minus, and they connect to other things along the way so they don't creat a short circuit. I've worked with teenagers trying to learn how to build something. One has to understand that leaning to keep the bicycle on two wheels for a few laps around the track is way more important than proper racing position and not making a full lap.Lots of people have silly rules for schematics. I don't believe "sideways" is wrong.
Yes. The TS had very similar thread awhile back and it was established that he was using IR LEDs.Vf 1.16 volts seems a bit low for a visible light LED. Are these IR (infrared)?