You should! And let me/us know how it pans out! In particular if you run into any issues, because that's how we can take this even further.
Yeah, I recognize that. Well, it's mostly not a problem, really, but it's certainly true that power is just not the limitation.
Concerning PWM, addressed by yourself and also
@albada: PWM is evidently the way to go with LED, and my design of course also uses it for filtering. I found that 8 bit is far insufficient for color work. In the first successful design of my head (I had moved beyond RGB COB LEDs by then), I used 12 bit PWM as that was the resolution the PCA9685 I used offered. The current version runs on an ESP32 uC which will do happily 16 bit PWM at the frequency I selected, but for convenience's sake I'm running it at 12 bit.
There's a bit more to the PWM story than just bit resolution; you'll have to start looking at the pass current of the LED arrays on a 'scope to see what you're doing, and a lot will depend on the driver topology used. I doubt there's a lot to be gained to go beyond around 14 bit dimming resolution; I don't find it necessary in any case. But 8 bit was way insufficient and only OK for B&W work.
@Ethan Brossard, you may have to address this aspect if you're going to do color on your machine.