/diy/ - Do It Yourself

Ok so i am proceeding with my simple smart fuse.

Basically it uses a hall effect monitor to shut off the power it the current breaches set limit.
So, what if i upon the breach of current, instead of turning the power off, it would rerouted it through a lm317 set into constant current mode, set to that max current limit?

Now i know this would work.. BUT... what happens if the device only wants to draw more than maximum allowed current for say 10 seconds, and then wants to go back to drawing say only 50% of the max allowe current, wont the lm317 just keep showing same into it forever?

Pic related