I'm using a very high quality 18650 cell. It's a Sanyo/Panasonic NCR18650GA 3500mAh cell.
So would I, but the measurements seem to speak for themselves.
I dont know what else to do on my end, everything looks good. I had several lipos charge since yesterday. They settle around 4.15 after led shuts off, USB plugged or not.
If you want me to investigate more, you can send me the board you have, along with the LiPos you're testing. I will try my batteries with the board, then try your lipos with that board and other boards with the same charger.
Otherwise, you may want to bring this up with Microchip.