The batteries do drop below 80% however they’ve been calibrated by Apple to sit between 80-85% for an ungodly amount of time in order to reduce the number of new battery claims under AC+ within 2 years.
I don’t know anyone who has ever went below 80% in the first 2 years of usage.
A battery that’s at 80%, according to iOS, is below 50% in real world usage. I had a 6S that was giving me 50 mins of battery time on YouTube on 83% BH. I replaced the battery via Apple at quite the expanse and obtained 3.5 hours of usage (still pretty poor but it was iOS 15).
Had the same experience. Got stuck at exactly 80% battery health on one phone when in fact the run time kept decreasing significantly. I presumed that was Apple's 'warranty cost reduction plan' algorithm at work, given 80% is still considered usable by Apple.
I once worked on a 'warranty cost reduction plan' at another Tech company, and was expected to reduce costs to the company. Apple has the best scheme given their software decides on what it wants to report, and they determine what number means they have to spend money on warranty. Companies like to chalk the weird behavior up to 'battery physics'. In reality, batteries age rather gracefully at first, including the 80% shelf that Apple creates.
Also, as noted, when charge (not health) gets down around 10% on a worn battery, the effective charge level can't be judged from the circuitry they (and others) use due to internal battery defects. I for one don't like the idea of carrying batteries (with their own oxidizers) around in my pocket when they start to show significant signs of wear, likely signaling internal defects.
My view is that approaching 80% equals 'replace battery now', or trade in the phone. Don't do the math to say it's only 20% loss of charge and I can live with it. It can be much more.
But like most things, Apple is very competent at reducing warranty costs until the replacement is on your nickel, or even better, gets you to buy a new phone. World we live in...