As long as it prevents the battery voltage from exceeding ~138V it should be fine.
Ideally, your battery should be equipped with a suitable Battery Management System
(BMS) to help balance the individual cells, and also to prevent the battery from being overloaded, overcharged or overdischarged.
The LiFePO
4 cells seem to be much more tolerant of slight overcharging than other Lithium cells
(i.e. LiMn and LiPo), so a charging voltage of up to 140V could probably be tolerated for a short amount of time if no
BMS is fitted.
The information on the 96V HPC700H controller states an input voltage range of 90~140V, so a regulated 137~138V should also keep the voltage within the controller's acceptable working voltage range.
When they were first introduced, LiFePO
4 cells used to be charged to 4.2V max but it was discovered the this decomposed/oxidized the electrolyte.
Nowadays, the manufacturers' maximum recommended charging voltage seem to vary slightly, and 3.5V, 3.6V or 3.65V are commonly used for LiFePO4 cells
(i.e. 133V, 136.8V or 138.7V for a 38S pack).
Although the following article is not about electric propulsion batteries, the
LiFePO4 Batteries On Boats section on marinehowto.com is definitely worth checking out.
Alan