Hmmm... We're making progress. But I'm not sure we're there yet. Perhaps I misread the pictures of your setup.
I think the two circuits are like this:
```
A
+V -+-------R1------+-------LED-----------+--- GND
| | |
| | |
| C |
| | |
| | |
+------R2-------+--------SW-----------+
B
X
+V -+------R1-------+------LED-------------+--- GND
| | |
| | |
| | |
| | |
+------C--------+-----R2-----SW------+
Y
```
Did I get that right? And you're measuring nodes B and Y with respect to ground?
If so, here's a quick way to analyze the circuit *after all transients have settled*.
0. Note that for node "B", when the switch closes B is connected to ground.
1. Remove the capacitor C, as at stasis there will be no dV/dT (no change in voltage) on any node (this is a purely DC/transient circuit -- no oscillations.) Since A's voltage isn't changing, then there is no current through C. If a branch isn't carrying any current, then we can safely ignore it in this analysis.
2. That leaves node "A" at the LED's forward voltage drop Vf. (assuming +V is higher than that, and that R1 is "reasonable."
"reasonable" is a tough word here. Diodes don't really "turn off" -- there will always be some current through the diode as long as the voltage across the diode is non-zero. If R1 is really really big, the drop across it will be big, but not so big that node A makes it to ground. If R1 is really really small, then the diode will *really* turn on. At this point, almost all diodes are light emitting, though for a very brief time. After that time, the diode will be an ex-diode (pushing up daisies) and A will be +V. A "reasonable" range for R1 would be whatever makes +V / R1 end up between a few 10s of microamps and 15 or 20 mA.
3. In the case of nodes X and Y -- they will both be at the same potential.
a) At one extreme, they'll look like a voltage divider if V * R2 / (R1 + R2) is less than about Vf for the LED: as a no-calculation-approximation the LED is "off." (Note to pedanticists -- yes, Vf is a function of current, but we're not at that level of sophistication here.). X will be pretty near V * R2 / (R1 + R2).
b) At the other extreme, if V * R2 / (R1 + R2) on its own is greater than Vf for the LED, then X will be pegged at Vf.
If I misread the pictures, then the conclusions above are wrong. However, the analysis approach is reasonable:
1. Assuming stasis, remove all capacitors.
2. Analyze the circuit assuming the LED is "off" or out of the circuit.
3. Analyze the circuit assuming the LED is "on" and the drop across it is Vf.
Did that help? Did I read the photos correctly?