Make a (un)educated guess for the first exposure time. Uneducated, as it depends on many variables like:
- intensity of the LED (depending on it´s power, opening angle, distance, spectrum, ...)
- accuracy of the LED flash times
- properties of the sheet film
- your development process
Turn on the LED, take a camera with integrated exposure meter, make a reading at fully open aperture, adjust for ISO difference (if your camera has a different setting than the film you are using), and go with that time. Make the reading at aprox. the same distance to the LED you will have for final exposure.
The exact time of the first exposure is not that important, as the stouffer wedges have a range of at least 5 stops. Unless you are totally off, you will get a useful result. For the second attempt, adjust the time according to the readings you get on copy of the step wedge, leave everything else the same.
At this point, I'm more interested in just getting all the steps recorded
Which DMax does your step wedge have? What is the reproduction range of your sheet film? Stouffer wedges have a DMax of either 1.4 (equal to 5 stops), 2 (7 steps) or 3 (equal to 10 stops). Reproducing 5 stops should work, 7 stops might be difficult already, 10 stops might not work.