With the thickness and length of a typical mod, it does not matter. The thickness would have to be thinner than paper to effect the voltage. What DOES matter is the threads and how well they conduct that power to the next part. Simple test: A copper and Steel wire the same length and gauge, like 4" and 14ga, put 4v power to one end, and see what the voltage drops are. Now times the gauge of the wire by, say 10 (to simulate the whole tube), and extrapolate the resulting voltage drops. In both cases, it will be as close to NIL as you can get.
Absolute truth.
And I'd like to add that I believe a lot of people are misunderstanding voltage drop.
Voltage drop, in any electronic circuit, is simply the "loss" of power as current flows through the passive elements of a circuit - passive elements being anything you do NOT need to apply power to. As with any circuit, voltage drop can be calculated using V=IR.
Here is where the problems begin.
Vaper #1 has a SS Nemesis, Atomic RDA at 0.7 ohms, and a fully charged VTC5 battery. He puts one of those scew-in battery testers, hits the button, sees that voltage is 3.88 volts, and comes up with a "voltage drop" of 0.32 volts.
Vaper #2 has a Cu Nemesis, Atomic RDA at 0.15 ohms, and a Trustfire battery (Yeah, this is dumb, I know). He hits the button, sees 3.28 volts, and declares the mod to be horrible because the "voltage drop" is almost one volt.
Now swap batteries and measure again. Who has the better mod?
The number "we" should be concerned with, the one you CANNOT measure with a screw-on voltmeter, is the internal resistance of the mod. How much power is being lost across the switch, battery-to-mod contacts, threaded connections, and body tube(s) of the mod?
Unless "we" measure this resistance, all we're really talking about is battery sag under load, which is useful when comparing battery types, but not so useful when talking about the mod itself.