An update from my post on November 22, above.
Did a longer test yesterday of that USB buck board that I bought on Ebay. I used it for about an hour, it gave consistent performance the entire time. I used the same USB powered AA battery charger to charge two AA NiMh batteries for a consistent load on the USB output. I had 5.07 volts and 0.29 amps coming out of the USB at about 8 mph (13 km/hr). At 15 mph (24 km/hr) had 5.07 volts and 0.31 amps. I consider the difference between 0.29 and 0.31 amps to be not much more than round off error. Thus, in this case it appears that the limiting factor was the ability of my AA battery charger to accept more current, the USB delivered all it could take at 8 mph. I had good current at slower speeds, but voltage was below 5. Voltage did not climb at higher speeds so I am confident that it will not overpower anything that I plug into it, the highest voltage I saw was 5.08. I am sure that a heavier load would require a greater minimum speed but my smartphone takes about the same current so I do not expect to do any more testing at different loads. If anyone is interested, I am using an SP Dynamo PV-8 hub for my power source.
Output was actually 0.04 amps more than cited above. The volt/amp meter consumes 0.04 amps that is not included in the digital reading.
I made two of the USB devices since they are so cheap to make. I tried running two in series on the dynohub output. But to make a long story short, I have concluded that running them in series is not a good idea. I did not try running both USB devices in parallel as I did not have the proper wire connectors for that. I might do that test some day but am not in any hurry to do it.
The highest speed I got was 15 mph (24 km/hr), I was running 2.0 width Marathon Winter tires that are exceptionally slow. With occasional snow and ice and slushy patches, even with a good tailwind it was not optimal conditions. But realistically I rarely exceed 15 mph for more than a few minutes when cycle touring, thus the speeds I cycled at was a good test for touring, most of the time I was about 11 mph (18 km/hr). I have no plan to try faster speeds later, I consider this test to be adequate.
Plans for phase two. I noticed on Ebay that they make these USB buck boards that have a built in volt meter. I have ordered one, plan to wire that up in January. I am not sure but I think that the volt meter will give me a reading of the input voltage that comes out of the rectifier and into the buck board. It will be interesting to know what voltage is coming out of the hub. If however it provides voltage at output, I already have that so nothing is gained and I can quit experimenting.
I plan to wire that USB device (with voltmeter) in parallel with a switched headlight. I am assuming that when I switch the headlight off, that full power would go to the USB. But with the headlight on, that power would be split to both headlight and USB device with the most current going to the least resistive load. And if the USB device is not powering anything, I assume that full power would go to the headlight.
I also am going to reconsider the wire connectors I am using. Right now I am using 2.8mm spade connectors. But those are not the most convenient connectors to use if I frequently plug or unplug different things into the wiring.