Do you mean the LED will now see 5.26v?????
in other words.. if a Cree XRE specs are 1000ma 3.7vfd, then is this 5w 950ma the wrong driver???
I have used the 750ma/ 3w, with this same LED.
(Am I mixed up - meaning that theoretically there might be a 3 watt 700 and 3 watt 950, and the only diff would be the 950 would make it brighter? The only difference between 3 and 5 is how much they COULD source if I was using more than one LED per driver?)