I don't think it will. It -- AFAIK -- throttles CPU speed/voltage based on load, not power profile. If you give it a full load on battery power, it will work as hard as it can to finish that workload (which may actually save battery -- 1 minute at full speed and 1 minute at idle speed may well be more efficient than 2 minutes at 50% speed).
What's important is throttling the voltage, not the speed.
We need the Coolbook developer to update his software, really.