the current will float. you have a constant voltage driver.
edit: it's gonna depend on the number of cobs you run. you have to run enough that it pulls the full amperage from the driver, without having too many, which results in nothing happening. at that point, and that point only, will it kick in to constant current, you have to have everything matched. this is different to a constant current build.
i'd start with learning the definitions of amperage, voltage, current, and watts. they are all different, they all come in to play, understanding them will clear up what you are trying to figure out.
would also recommend a strip light if you can get strips that will match up nice. in most builds you would start with what you want for emitters, which would dictate the power requirements, which would determine the driver. it's harder doing it in reverse.
i didn't run the math on the cob you were looking at. i'll have a peak tonight to make sure. i don't think that driver will fire that cob.