The power metering might not be all that accurate, just an indication of where you stand. It would be a very poor/cheap design, if low battery had any actual effect on function. But, we all know luck, plays a role in successful hunting. We can have a really advanced/expensive machine, do all kinds of research, but when it gets down to the swinging and digging, we might not find much to brag about. Where luck comes into play, so do a lot of subjective an superstitious thoughts and actions. The machine should work the same down to the last bar, the point where it starts acting weird or shuts off, can happen anytime after.
Yeah, rechargeable batteries prefer being charged, over completely drained, should swap them out sooner. The number of charge cycles on the package doesn't really mean much outside the lab, marketing maybe. Really depends on how deeply you drain them, before charging, how long you leave them sitting around, before charging them, type of charger you use. Most all rechargeable batteries last longer, if used and charged regularly.