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TPS61230EVM Evaluation Module Expectations

Other Parts Discussed in Thread: TPS61230, TPS63020, TPS63010

I need a clarification on the function of the TPS61230DRCR chip.

My assumption is the output voltage and current will remain constant regardless of input voltage. Is that correct?

from the data sheet, I am led to believe that to be true: however, when measuring the outputs of the evaluation board, I see them fluctuate with changes to input voltage.

The plan is to use the chip to power a single LED, 3.4fv @ 0.7amps. Power source is a Li-Ion, so voltage will vary from 4.2 to 2.7.

If there is a better chip for this function, please advise.