Sorry to read of the problem, but I am glad it was not worse than it was.
Thank you for sharing your experience. It maybe a warning to others to be carefull.
So the LM465 was on the end of an extension cord. Outside in a plastic bag that could have let moisture in.
Was the outlet it was in protected by a GFI device?
The normal current the module is designed for is about 2.5 amps for 300 watts.
A severe overload would burn it easily and the breaker being a 15 or 20 amp device through an extension cord may take a while to trip.
I did a destructive test on a Smarthome LampLinc. It has a fuse in the output that I bypassed and used a 1200 watt load on it. Boom flames and toxic smelling smoke.
Was outside for obvious reasons.