First, your $110 / $111 settings are such that your machine can go no faster than 5000 mm/minute, or 83 mm/sec. Anything you request higher than that will have no effect.
Second, you’re using an older version of GRBL (looks like 1.0b, maybe?) that doesn’t have laser mode. Check to make sure the ‘S value Max’ setting in the Device Settings in LightBurn matches the $30 setting in the firmware (yours is 1000).
The lack of laser mode means that your controller is likely pausing with each power change, and that will be causing the massive over-burn you’re getting. If you can upgrade to newer firmware (GRBL 1.1f at least) it should help a great deal.
For your specific machine, I’m not sure. I would contact whoever makes it to see if they have a version of it for that hardware. If it’s generic, you can likely find it online. A good number of people use the T2Laser trial to re-flash their controllers to newer versions of GRBL, but there are other tools available to do this.
A number of your settings were changed with the update, so you should put them back first. Type these lines, one by one, into the console to change them:
Ok…VERY different results. Thank you. So my EEPROM settings were all messed up from the factory…nice. Not sure how a newbee would ever have known that.