short circuit led for 3.3/5v psu

Hi
I'm building a 3.3v / 5v breadboard psu. I'm following sparkfun schematic. However I would like short circuit led as well as a power led. The LM317 I'm using already has short circuit protection.

Sparkfun:
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I was wondering could I modify the following circuit to suit my needs.
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I've just realised I'm limited to 0.5A because if I go any higher I would need a heatsink which I didn't leave room for. However I think 0.5A shud be enough for me.

I think you could combine the two circuits.