I haven't been posting much lately, but maybe I can chime in here to help explain things.
Let's go back to the basics and work from there.
What is a LEDWiz?
The Ledwiz is a clever device designed and marketed by GroovyGamegear. The purpose of a LEDwiz is to provide a usb interface to control output devices. Practically anything can be controlled by it (leds, coils, car starter, thermo nuclear warheads) with the proper supporting hardware (transistors, relays, direct connection, etc).
The limitations of the ledwiz boil down to the output load that it can support......500ma per channel (output) to a maximum of 2w per driver (individual chip). In real world terms that means that if you want to drive a coil that draws 3A@12v you are FUBAR'd unless you somehow boost the output capacity with an external circuit (relay, transistor, etc).
An example of calculating the power handling of the bare ledwiz would be....
2 leds that draw 20ma each at 12v (unreasonably high for the average led but this is just an example after all)
total draw would be 2 x 20ma = 40ma
total power would be 2 x 20ma/1000 x 12v = .48w
(you divide by 1000 since 1ma is 1/1000th of an amp)
The above scenario is perfectly acceptable for the output of the ledwiz. The total draw is far less than 500ma and the total power requirement from the ic is far less than 2w.
Now 2 350ma @12v leds....
total draw would be 2 x 350ma = 700ma
total power would be 2x350/1000 x 12 = 8.4w
Obviously, we have exceeded both the individual output rating and the overall power rating for the driver ic and have likely released the magic smoke from the circuit rendering it useless.... 
How to connect the ledwiz?
The ledwiz sinks the current in a circuit. What that translates to is that it closes the circuit on the negative side.
If you consider a battery as an example, it means that the ledwiz would be a switch on the (-) side of the battery. This means that you would have to supply the load (toy) with the (+) voltage and connect the ledwiz output to the (-) side of the toy.
In the case of the 20ma led example above, you would run 12v to the led (ignoring the limiting resistor needed) and you would run a wire from the output of the ledwiz to the (-) side of the led.
Bank Voltages?????
Bank voltages are useless for our applications here.
The bank voltage is a means to connect to the built in diode in a ledwiz driver and is supposed to do the same job as an external diode does in the circuit. In reality, the built in diode is far less effective than installing an external diode along the lines of a 1n4001 - 1n4007 diode at the source (across any coil or motor).
Leds don't need flyback diodes as they are diodes by their very nature and therefore don't create the flyback voltages that coils do upon collapse of their fields.
What controls the ledwiz?????
The ledwiz is controlled by signals sent from the computer through the usb cable to the ledwiz. These signal originate (in the case of a virtual pincab) from the software created by SwissLizard and supported by Arngrim (among many others) called Direct Output Framework (DOF).
In a nutshell, DOF takes the signals from the ROM of the table being played, translates them from your individual configuration (which output you have connected to what toy) that is usually generated by using an online configuration tool that doesn't exist on here due to conflicts that we won't get into, and ultimately sends those signal out to the ledwiz.
I need diagrams!
I have a forum section in my site http://www.zebsboard...ndex.php/forum that is devoted to wiring diagrams, example wiring and calculated values for resistors and such. Everyone is welcome to browse it and use what they may. While the diagrams are primarily drawn for the ledwiz and booster boards, for loads under 500ma you can easily remove the booster board from the equation and run directly from the ledwiz.
I still don't get it!!!!
Perhaps you might be better served purchasing a complete solution from any of the retailers available on this or any other site... 
Edited by zebulon, 04 October 2014 - 10:40 PM.