After reading the datasheet for LM1117, if the input voltage is high you must
keep the total current draw low in order to not overheat the regulator.
Some simple calcluations shows that with no extra cooling, a fan or a small heatsink on the regulator, the total current should be limited about as follows
Input voltage Max current
5V 600mA
6V 400mA
9V 200mA
12V 125mA
15V 100mA
My estimate is that the processor at 50MHz and other onboard components uses max 50mA. So the current limits are only a problem if you add external power hungry components to the board.