There are two states: 667 with no L3 and 1000 with L3; these correspond to the "Slower Processor Speed" and "Faster Processor Speed" options respectively.
With a good battery, you can use either mode, regardless of whether you are plugged in or not.
With a not-so-good battery, you are locked to the slower 667 with no L3, regardless of whether you are plugged in or not.
I have not tested this (because my 50W charger is in use by the Twelve), but I'm also under the assumption that you'll be locked to the slower speed if you use a charger that provides less than 65W of power. Not the case, see below post.
The 867 also does this, as does the previous generation 800 MHz model.
With a good battery, you can use either mode, regardless of whether you are plugged in or not.
With a not-so-good battery, you are locked to the slower 667 with no L3, regardless of whether you are plugged in or not.
The 867 also does this, as does the previous generation 800 MHz model.
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