Hi
I have used quite a few in modules and the red will work if you use a 2.8 amp driver. When we used a direct drive board we could use use a 18650, a 26650 got it too hot and the IC would not switch levels. Of course a host with more heatsinking than a module may not have that trouble.
All of the colors heat up pretty quick as they are SST 90's but if you use levels or keep the amperage down a bit then they are OK but they are big leds.
Osram makes a red diamond dragon that is pretty bright and some members have used them for bike lights and they have been pleased. They also make a true green.