Dude thats the resistance of the SWITCH mechanism of the circuit, you add whatever that resistance is with the resistance or your atty for total circuit resistance....Its not a subohm circuit unless you put a subohm atty on there, which most VV devices cant even come close to handling.
While you are correct that the switch resistance isn't the load on the battery, the load on the battery in a VV device is higher than just the load of the atty. As you turn up the voltage the load increases even more.
Boost circuits draw higher current, then change that higher current into higher voltage. That's why IMRs are needed for VV devices.
If you have a vamo set to 15 watts, and the internal battery is at 3.5v, the vamo will have to draw current equal to a .8 ohm coil at least. If you add if inefficiency of the chip, it's even more current drawn to produce a given voltage.
The chip is the weak point there, as usually the chip is simply unable to draw more current before the current rating of the battery is reached, so there aren't issues with drawing too much current.
Just an anecdote, but when I use my VW devices with 18350s at a 10w setting the batteries get pretty warm. I use the same 18350s with my .8ohm gennys and the batteries stay cool. Granted I do have to take 2-3 puffs directly in a row and hold the button down until the cutoff is reached to get a decent vape out of a cartotank at 10w, where as a 3 second puff on the .8ohm will do me just as well, so vaping habits are probably a factor. Either way I'm stressing my batteries less with subohm builds than with VW devices.