Yup, that's the reason.

1300 mAh last one day, comfortably, at about 4 volts.
As a non-techy, I do not bother with watts. I turn the volts up / down manually, so I know how many volts a certain head needs.
(and if I do not know off the top of my head, then adjusting the volts slowly will do the trick

)
If the battery does the adjustment automatically, I think that the vaper has no idea how many volts he / she is using (and draining battery life). And will have no idea how many volts he / she should use when using a battery that is only VV.
In addition, a brand new head should usually be "vaped in" (= broken in) slowly and with lower volts at first. Kind of like a brand new car engine...
I burned up a brand new IMIST atomizer once. On the first use, after about 1 minute.
Yeah, put it on a brand new silver-plated (clone) battery which fires at 4.3 volt when fully charged (and then goes down in volt delivered). While IMIST atomizers can take 4.3 volt when fully "vaped in" but not when brand new.
--- Cursed like a truckdriver, threw away a brand-new (now broken) IMIST atomizer bottom - and learned my lesson
For reasons like that, I prefer to be in control. Not the battery electronics
As one of my professors used to say:
Better simple and correct than complicated and wrong
/edit:
oh, nice battery!
I got me a Vision Spinner 1300 mAh the other day. VV. eGo batteries go up only to 1100 mAh in Europe, last time I looked.