Nope.....
Chinese 3w leds, without any driver, connected to 12v power supply, 3 in series x parallel.... Soon hitting 10 year mark of constantly working.
Leds are rated to 700mA, 3,6-3,8v, with 3 in series, each gets 4v, calculate vdrop, they get exactly 3.6v each....
And connect them to any pwm dimmer, so you can adjust power... No problems at all.....
Its not the current that kils leds, its a heat. Ensure great cooling via adequate alu profiles and fans, and no worries.
Chinese led drivers are mostly 300mA, sometimes 600mA.....