Yep, you’re reading it right. But, that’s not the strip you want because that one’s made for flowering, not full spectrum veg and flowering like you want. If you’re still building a combo veg and flowering space, you want 20 of the 4ft 3500k strips found at this link:
https://www.digikey.com/products/en?keywords=BXEB-L1120Z-35E4000-C-B3
The amount of watts is variable, because their voltage is pretty fixed at around 39v, but you can give them from 0 to 1.5 or maybe even 2amps without damaging them. The problem is, they lose efficiency the harder you run them.
Because they’re so cheap per strip, the sweet spot from an efficiency and heat perspective is running them at 39ish volts and about 0.7amps, or 700ma (which is called the “nominal” current, as tested by the manufacturer). You’re right that at 700ma, the Bridgelux 4ft strips (eb2 3500k or eb3 2700k) consume around 27w of energy per 4ft strip.
Most of the builds recommended here will promote dimmers so you can adjust the current, and your choice of driver impacts that from two perspectives: drivers may have built-in dimmer pots or both internal dimming pots and lead wires for external dimming pots. Dimming is really great for your situation where you want to grow plants from seedling to harvest in one tent! With dimmers, you’ll be able to lower and raise the current of the strips so you can meet the needs of the plants. Seedlings and clones don’t need a lot of light, and veg plants only need about half the amount of light as flowering, but plants in the middle of flowering need the most light you can give them.
So, the strips linked above matched to two HLG-240H-42AB drivers would give you the ability to run them from 10% to 100% of full rated output, if you add a 100k potentiometer. Or from 50% to 100% from the internal dimming pot. This driver also runs the strips at below nominal current (max of around 550ma per strip if you wire 10 strips in parallel per driver) which is good for both lowering heat and raising efficiency.
Since you’re familiar with this stuff, here’s a spec sheet for Meanwell HLG-240H series drivers, the ones we recommend the most, and the XLG-240 series which is a lower end model rated at about the same:
hlg-240h-spec.pdf (227.0 KB)
XLG-240-SPEC-1.PDF (772.4 KB)
Hope that helps. If you have any other questions, let me know.