It is no doubt that reading the datasheet can find out whether the regulator can limit the current like LM317. The problem is how? This is what I am asking in fact. By looking at the block diagram? Or looking at other specification? If so how?Read the datasheet.
The LDO you selected doesn't have a constant current mode like LM317, so the fact that it only drops 0.3V@1A isn't significant. It regulates voltage, not current.
Thanks again.