What? That makes no sense. I know that Intel processors has SpeedStep which reduces the clock when the processor isn't been used, this happens regardless of power source. However, automatically reducing the clock because the battery is removed, that doesn't make sense.
EDIT: Ah ok, the magsafe connector only provides 85 watts so if the macbook needs more power, it has to draw from the battery. If there is no battery, it has to reduce it's clock.