No.
A 21W bulb rated for 18V will dissipate 21W and limit the current to 1.16 A, if there's a dead short with an 18 V supply. No harm will result to anything that was fit for purpose in the first place.
A 21W/12V bulb (implying a hot filament resistance of 6.8 ohms) with 18V across it will attempt to dissipate 47 W and will probably blow, if there's a dead short with an 18 V supply. The idea of using a bulb instead of a fuse is that you do not need to replace the bulb after every short.
It's simple application of ohms law V=I*R and power = I*V.
With a transistor controller some form of fast electronic cutout or current limit is to be preferred over thermal. It's very easy to arrange as part of the base drive to the output transistor. There are lost of circuits available. MERG used to have some on the public part of their website, worth looking there.
Laptop supplies have very fast overload protection and would be ideal if it were not for the high output voltages for MR application. A 12 - 15V switch mode supply is preferable except for those circuits that rely on the 100Hz from a rectified but unsmoothed supply.