Let the user choose their own fate. I know, I know, that's crazy talk, right? If given the option on my old iPhone 6 plus, I would have chose to maybe have the phone shut off suddenly at 40% battery life and run at full speed. On the rare days when I'm going to be heavily using my device (and not near constant power) I could change the setting so that it would run slower, but not freak out with battery problems.
This assumes that Apple doesn't know best, and that the user actually has a say in the matter, which goes against iOS / OS X / Apple at a deep, philosophical level.