I use my 3 ring burner and standard regulator under my kettle. It's sitting on a piece of MDF. I shield it with a sheet of aluminium bought from Bunnings.
Seems to do the job so far over many brewing sessions. Without it, the MDF showed scorch marks.
I also use a 3 ring burner and an adjustable medium regulator under my HLT. It's sitting on a thick piece of MDF on a metal shelf. The MDF is shielded by a sheet of aluminium, and it works fine.
The answer to your question is that you will need some form of heat shielding, whether it's a cement sheet or a reflective matal sheet.