Sure would, just with the caution on cooling. You may want to check out the inFlux series from Samsung if you want to drive the 301B chip hard. These are a little more coin, but have aluminum backs like the HLG boards to help disperse the heat.
SL-B8V7N90L1WW is the L09 version, a double row strip that can handle 66W at 48V. Two would fit nicely on an HLG120H-48B.