ElectroFreak brings up a good and scary point which I hadn't considered (thanks Electro).
Another issue that I have gleened from looking at other's build posts and such is: the "Blue" diodes have the Anode and Cathode isolated from the case (as Electro stated). The 'Reds' (been around much longer) have the cathode connected to the case and the other isolated pin not connected (unless the LD has a photodiode in it). Some/Most of the driver circuits used with Reds, and now with the Blues, seem to have a common ground (or negative) path between the V- input pad and the LD- pad. If such is the case, and your host is negative (the battery is in with the Batt- connected to the case, you only need to connect a lead from Batt + to the driver V+ in and tie the LD's cathode to case and connect the case lead to the driver's LD-, and the LD's Anode to the driver's LD+ (only have to use 3 wires instead of four).
Hope I've got it right, if not, somebody will chime in and correct me (but, it has worked for me in three 'Blue' builds. Word of Caution: I there is a warning NOT to do that on one of the Dr. Lava drivers because the V- in and LD- out are NOT connected. Just be sure to read the docs and think out what you are doing before applying soldering iron. Best of luck!