what's the motor shield for? if you're using continuous rotation servos you just hook them up to one data pin each, surely? I'm a little perplexed about how you ran out of pins. two servos plus serial rx&tx is four pins, then a light sensor and led are six, right?
there are some neat tricks you can do to use an LED asa light sensor too, but they only work while not using it as a light momentarily, which might cause some vertical tearing on your camera, not too sure.