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>- Due to the very small pull-up resistor the 555 sinks about 109mA. The specs
> say the 555 can sink up to 225mA so it's well below the danger level.
Ah, but the way you have it connected, the 555 is SOURCING not sinking.
Move the LED up so it is connected between Vcc and OUT and then the
555 will be sinking current.
You don't need either a pullup or a pulldown on OUT.
Give it a try and let us know.
(I know, I know. It doesn't make sense to me either. I learned electron motion, and the electrical guys learn hole-motion)