I am incorporating the Larson Scanner into an Arduino build and would like to power it from one of the digital pins. The pins put out 5 volts and in tests the Larson Scanner is running normally. I know 5 volts is just below the max voltage for the chip but my concern is the LEDs. Am I overdriving them at 5 volts?
Yes, that’s overdriving them. You might consider dropping the 5 V to about 3 V by three regular silicon diodes, e.g., 1N914 or 1N4001, in series between your Arduino output and the power input of the Larson Scanner.