Instead of being slightly worthless and stating 'estimates' im going to APPLY math. Math is a LOT more useful these days. Lets apply some formulas.
AFAIK, most drivers and diodes have efficiency. Typically, the equation for power in watts IS
Watts = Voltage x Amperage
Say I'm using a 1 watt diode... aka the 445. (for simplicity's sake)
It pulls 1 AMP at 4.5 volts. The power is 4.5 watts. But it outputs ONLY 1 watt of power.
That means the 3.5 watts that are lost in the equation becomes heat, which needs to be dissipated away by a heatsink pretty fast. 3.5 watts is a lot of heat (power if you want to say).
Similarly, you can say the like for drivers. If I am using the MicroDrive or the Groove, (for simplicity) and Im feeding 4.5V to the diode, BUT I am imputting 9 volts, thats gonna be a conundrum to be sorted out, since the heat will quickly accumulate. if the diode's voltage is 4.5, and I feed it 6 volts through the driver, it will drop due to voltage drops in regulation, which will bring it down by 1.2 volts AFAIK form most common drivers leaving you with 4.8 volts. 0.3 Watts of heat is quite small and thus I can get away with not much of a problem. Using information from the groove's manual, you need to keep a dissipation of .75Watts of heat from the driver. If you feed it with an excess of Amps, you will generate more heat, coupled with voltage.
When you convert voltages, you lose some power in the conversion, resulting as heat. If you're using the laser momentarily, I dont think you'll need a heatsink, but for higher powered applications, you may need one.
Tell me if I'm wrong...