Yes, all the red points are joined together. The potentiometer between the blue points will adjust the output voltage but not the current. I would suggest the best solution is to wire a current limiting stage between C1 and C5, this will still allow you to set the voltage using the potentiometer and allow it to stay regulated up to the point where the limiter kicks in.
What kind of limiter do you want? There are several types. Do you want the voltage to gradually fall as the current exceeds the limit (constant current mode) or do you want it to shut down completely when overloaded so you have to manually reset it?
Brian.