Well, I can't think of an easy way to prove or disprove your theory, but...
It just seems completely counter-intuitive to me that the designers of a modern PHEV would fail to use regeneration to capture energy that is normally lost when stepping on the brake. You are trying to say that regeneration only happens when you release the 'gas' pedal, but don't touch the foot brake. You can obviously increase this effect with the chevrons, but as soon as you touch the brake, regeneration stops and it is all lost to friction (even though the display goes deep into the charge range)? This just doesn't seem plausible to me.
My contention is that the power/charge gauge is a valid indicator of electrical energy being consumed for propulsion, or being captured through regeneration when decelerating (whether by paddling, coasting, or braking). Maybe there is some nuance in engine drive mode, but that is a nit because engine drive mode disengages during deceleration anyway.
If your only proof otherwise is the fact that you hear brake drag immediately when you touch the brake pedal (and you expect to see some discontinuity on the power/charge gauge, but don't), that is not convincing to me.
From the diagram provided earlier, it is interesting that there are a couple of pressure sensors in the hydraulic brake system. Those pressures might be informative as to how much friction braking is actually being applied. It would be interesting to instrument these pressure sensors somehow and see how they behave.
Until proven otherwise, I continue to assume that the regen paddles are just a gimmick because I believe I get just as much regen through the foot brake. There are enough things to concentrate on while driving without an extra gizmo like the paddle if it is really adding nothing to the equation like I suspect.