Cell service was not an issue when used with properly configured carrier towers; in fact those users had fewer drops than ever before.
Sadly, carriers are often loathe to spend the money to send out crews to address those issues, especially when their simulation software says there is no problem. 🤷‍♂️
As far as the battery drain, if it has been more than 48 hours since you installed 16.0.3, what does Settings -> Battery show has been the source of the excessive battery usage?
If it's Mail, how big are your mailboxes? A mailbox with tens of thousands of messages may take days to reindex.