For your line 7 you have the "Invert" column checked - that's a logical "NOT", i.e. you are saying "If POV is [NOT!] Active, set LED #0 to fast blink of color 1. LED#0 is on the BB.
From the lines I can see, LED#2 on the blackbox should be on all the time. (Line 5, BUS Error, but inverted.)
Here was my default LED first 8 lines (the last 4 were set as 'External' events and off):

With these settings, the blackbox has 2 LEDs on, one green (in the group of 3), one blue (the lone one). I think those are from instructions on line 1 (Zero state of LED 0) and line 6 (NOT Bus Error Led2). The dot on the grip itself is green, which is from Zero State line 2 for LED 10.