This is the setup for a lab laser. It is better than what you showed before, but the NUBM44 driven to output close to 7 watts puts out a lot of heat. If I were going to use this for that diode, I'd add a TEC to keep the temperature down. You might get by without it, but it is what I would do.
fans over the heat sink for peltier, peltier over the laser's heatsink?
nice idea, but the tec absorb to much A for a portable laser