Well Sirstinky, I do not believe you have taken the time to analyze the H2-C's data. Driver's efficiency is above 90% even if going high power when 2S input. And pretty sure you could set a couple in parallel just in case.

A regulated setup will net you constant brightness without pulse width modulation at all power levels, a MOSFET misdriver can not. And if you care about cooling I'm pretty sure you can heatsink the drivers and/or attach small fans over them.

Cheers ^:)