I'm a slow learner..is this correct?
yes lol
While it is true the fact most regulated mods are technically designed such a way that they cannot actually attain a high enough output wattage to become a serious problem with those batteries due to the large voltage sag that is typifying of those batteries if running those batteries in the higher amp range, it should nevertheless be noted there are some certain other factors at play. Like, for example, you can never be sure about the mod's capabilities until you're sure. For another example, what about fake batteries? Most fakes are actually lower amp batteries compared to what they've been made to look like. They're genuine, good quality batteries manufactured by the top brands, just the shrink wrap around them is what's fake so they fool you into thinking you received, for example, a genuine 20 amp battery when the reality is you received, for example, a genuine (manufactured by Sony/LG/Samsung/Sanyo/Panasonic, etc.) 10 amp battery the shrink wrap of which has simply been replaced to look like it's a 20 amp battery. You could still cause the battery to vent, but it vents inside the mod so the gas escapes from the battery, and some liquid escapes from the battery, but it all happens inside the mod so you're not directly in contact with the venting battery. You might still get burns onto your skin because the escaping gas is hot, but the bit of escaping liquid normally doesn't come pouring out of the mod, and you're not going to get the battery to go into thermal runaway so you're not going to see flames or explosions or anything like that─
unless there's a technical malfunction in the mod. However...
some fake batteries are different from this... the battery under the wrap is manufactured in China, and some situations it can be dangerous, so... again, you can't be sure unless you're sure.
So...
Following Mooch's advice, nope... the explanation you wrote is not correct.