LOL trying it out is just a few clicks away! 
geometryConstraining means that the locator stays on the curve, no matter what... Ah well, just try it out. 
Oh, and no, it won't always work. It depends on the curve you have. Try and see. If it doesn't work, learn calculus or forget it.
What you want to do is determine the global minimum of a function in multiple variables. That is a nontrivial problem, since the only way to do this is to determine all the local minima, and, depending on the complexity of the curve and surfaces, that can be quite computing intersive.
Anyway, may I ask what you want to do with that?
Maybe there's another solution.