You are right. The CPU dropped to 830 MHz at about 90% battery and then to 600 MHz at 70% battery.
However, the factory reset fixed my other problems. Before reset, CPU was running at 600 MHz at full charge, home button was unresponsive more than once a day and “Hey Siri” was misbehaving. e.g. If I say “Hey Siri, what is the time?” Siri would wake up but would not have heard the time request. It would sit there waiting for me to say something. I just tested Hey Siri by plugging in the power with battery at 60% and it worked. It woke up, parsed the request and responded.
After 24 hrs, those problems have not resurfaced. Yes, the phone is more sluggish when power drops to 70%.
There appears to be several issues. The CPU slow down is probably by design. The others may be due to corrupt OS.
I hope that Apple is investigating and will make an announcement when they figure it out. They have a history of keeping mum until they have a solution. 🏼