hi jason,
leds can not be over on there forward voltage, if it say 3.5v to 3.75v then that's what it got to be, amps that you led uses say for a P7 is 2.8 amps at the forward voltage
J bin P7 DD
1: 3.5v might see 2.4amps under driven longer runtime not as hot
2: 3.75 might see 2.8amps on spec
3: 4.0v might see 3.2amps over driven shorter runtime led gets very hot
4: 4.25 might see 3.6amps turns blue over heats and dies
J bin P7 with a driver to regulate votage and amps
1: 3.5 v and 2.8 amps on spec if the driver is fixed , job done
2: using a driver that adjust to what ever you need like Der Wichtel one
just means you can turn it to the Fv of any P7
1:i bin 3.25 to 3.5 mean that all it can handle as more Fv, more amps it will over heats and burn up.
Now thats how i see it BUT i might be SO VERY VERY WRONG on this
A fixed Fv into a led and then change the amount of amp or milli amps being pump into it, now there's some thing CPF modder's have been doing for quite some time i think with cree's and ostars but more amps = heat
If using a i bin maybe change your battery from li-ion to a lifePo4 the voltage is better suited to a I bin P7.
i hope this help's you jason cheers DocD