Yes, 150mW of 405nm can burn (and is much less visible of green, except if you point it on fluorescent things), but that driver have a trimmer for regulate the power, so you can turn it down, if you really want ..... anyway, i suppose that you can get a 50mW unit (or also a PHR in a lab-style heatsink, that can reach 100mW), for less than that money, from any of the members here that made kits or have access to a lathe and machines ..... or also just using one of the 5,6mm hosts with lenses for 405nm selled from o-like, and a PHR diode .....
Other than this, that unit is a 12VDC unit, not a direct main powered unit (you still need a 12VDC psu) .....