The Cree specs allow for 3A, but recommend 2A, so I'm not anticipating running hot. The panel isn't done yet so I haven't sparked them up yet.
The LED will get hot, but it will be ok. I run 5 single 42v LED at 1.2A on the same kind of heatsink, with a fan and it's fine. Hot but fine. Total watts on a 5" x 5" heatsink area is about 200w. Problem with these heatsinks is the face of them is thick. Around 1/4" to 5/16".
The thinner the face, the faster the heat will dissipate from the LED, through the heatsink and out into the air when you're using cooling fans. For passive cooling the thick faced and finned heatsinks work well, but for active cooling you want thinner aluminum in the heatsink with more surface area(more fins) and air movement(think computer processor heatsink).
My heatsink doesn't get hot but the LEDs still do because this type of heatsink everyone is using is thicker than they should be for active cooling. Take a look at the LED cooler from heatsinkusa.com. This is the type of heatsink you want, only a lot bigger. If anyone can find a large thin type of heatsink with lots of surface area let us know.
BTW, I like the word "heatsink." lol