I'm guessing this M is nominally rated to draw 5V ~100-125mA ... while the PS/2 port is rated up to 5V 275mA (in theory) and USB is rated up to 5V 100-500mA. Adding a few extra 10-20mA LEDs is unlikely to cause any problems; indeed, many keyboards (and keyboard mods) use numerous LEDs without issue.
On an M5/M13 you have in theory 550mA @ 5V (PS/2 A+B, and yes, the supply is joined at the keyboard.) But as I point out often; see the "incompatible with Model M" motherboard list. It's long. Peak draw on this M is measured @ 120mA, while this motherboard is known to top out at ~138mA per PS/2 port (combined ~275mA.) USB isn't happening here either; but it's 100mA per unit load for 2.0 with a max unit load per port of 5 (500mA). Won't bore you with the details there. Translation: power budget is very tight.
For your convenience PS/2 and USB both provide 5V power, so the keyboard controller and circuitry will all operate on 5V, and almost all LEDs are designed for 5V circuits. Many LED technologies exist, but for your purpose all that really matters is the form factor (size and shape) of the LED package, the colour, and which resistor value you should put it behind. Lower-power (say 10mA or even lower) LEDs will tend to be dimmer than higher-power (20-30mA) LEDs, and varying the resistor value can further control the intensity of the LED; the resistor basically drops the voltage below 5V before it reaches the LED, simple stuff.
Unfortunately, I'm looking at a 1389986, which means the LEDs are not straight fed. Instead, they appear to go from a 7406 TTL through 2000 ohm resistors. (Presuming I'm still reading those correctly - red black red gold should be 2K +-5% yes? The resistors are definite though.) There's some obnoxiousness about this particular controller I've dealt with before, but I found the notes on modifying it, so that'll do for now.
However, candela rating is not defined by power - it's defined by process. If you want to destroy your eyes (and use a Belkin USB adapter,) you can fit 500mcd 20mA greens built on AlGalnP process. Or REALLY destroy your eyes with
672mcd (680mlm!) blues running 10mA @ 3V. For comparison, your typical 5v 10mA green is
8mcd or less. (EDUCATIONAL! Also blinding. But educational nonetheless.) Millicandela and luminous flux (mlm at current) are the measures of brightness.
Note that the LED colour is determined by the semiconductor chemistry it's built from, which is another way of saying that different LED colours have different voltage values. The calculator I linked already factors in the correct values, although you should always use the actual specifications for the actual part whenever they are known. 10mA LEDs will suffice for this application, regardless of whatever IBM's bureaucorporated index of part specifications might state.
If we want to nitpick, IBM used every single manufacturer out there. So there's actually some variance, including on current. (I have one here that's got 6mA LEDs.) It's typical IBM-ism; you've got IBM and Lexmark both building, with different supply chains. Sanity does not apply here, but it's IBM, so we already knew that. "You have read an IBM Manual Scroll. --more-- You are permanently confused." Really the core problem is the different controllers involved. Some days I wonder if it wouldn't just be easier to call Unicomp and have them build a custom - but it'd certainly be less fun. (... wait, this is fun? What is wrong with me. Sigh.)
none of this stuff is critical for your application, unless you want to seriously nerd out on LED details.
I think we've established that I nerd out on LED details sufficiently. Unfortunately, I'm also subject to strict NDAs relating to LED technology, so I exercise an abundance of "OH GOD DON'T SUE ME."
Ripster's got it right - just use whatever LEDs you can find at Radio Shack or salvage (free) from some dead McHappy toy or random junkbox item, component values are not critical. Really, about the worst that can happen is you blow out the LED with too much sustained voltage (it'll get a tiny bit warm and might even make a tiny popping noise, yet it will visually appear undamaged aside from no longer working, sorta like a little plastic light bulb). If you insist on purchasing your LED then $1 is an outrageous price (in fact, you could buy a Made-In-Cheapland junk gizmo with a whole bunch of LEDs at your local dollar store), while if you paid a dime for your resistor then you got robbed.
Pft. I'm a perfectionist. I'd rather pay the grand sum of $0.18-
$0.53 per LED to get new known parts. (Oh NOES! Not even two whole dimes to almost three quarters!) These are keyboards that I use for literally a decade or more. The problem is that I very much do NOT want to fry this controller, which is a distinct possibility because of the way it was implemented, and I don't want to have to redo it again in a year. Replacing the controller is a huge hassle, because it's the ancient wired LED board and not the thin-film connector style. And that's time I'm not getting things done, when I'm replacing internal components.
Oh, and I still could use a nut driver recommendation. The one I borrowed to disassemble the keyboard was a nightmare, way too tight a fit, gave myself a heart attack. Someone's got to know of a good nut driver for M disassembly, right?