Honestly I did it both ways on this road trip, and didn't notice any substantial difference at all in driving experience or passing/hill power. Whether I had dead battery in forced HV mode, or 3/4 battery in selected HV mode. Angry bees seemed to react the same way in both modes in similar driving situations, and mpg was comparable.
I am only assuming that's part of the reason the battery meter bottoms out at 2 bars -- it seems Honda has programmed in a reserve for such instances, so the battery is never truly "dead" as I have been saying...meaning no vehicle performance is lost? Admittedly I don't know the answer, but my experience on this trip seems to indicate what I believe to be true is true...
You are correct that the Clarity will not allow the battery to be completely discharged because that causes a Li-Ion battery to die. The lowest number of bars reported on this forum is one and I believe only one forum member has managed to deplete the battery that much. There is also a buffer at the top end that prevents overcharging. Many on this forum report that a full charge is 14.4 kWh, not the nominal 17 kWh capacity of the battery.
The engine alone generates up to 103 horsepower. There must be system losses as the engine turns the starter motor/generator to power the traction motor, so fewer than 103 horsepower actually make it to the road.
When the engine is not running, the traction motor can deliver up to 121 horsepower. The traction motor can produce as much as 181 horsepower when receiving power from both the engine/starter motor/generator and the battery. Although Honda says the Clarity can produce 212 horsepower, only 181 horses are available when you really get on it.
I have personally never heard the "angry bees" in 11 months of Clarity driving, but there are no big hills to climb in south-east Michigan so the engine has never been pushed very hard. I do believe the engine is louder when it is powering the car without assistance from the battery. I'm sure this increased volume is due to higher revs.
When battery power is available, the Clarity in HV mode can select from three different underlying modes of propulsion: EV drive mode, Hybrid drive mode, and Engine drive mode. The car selects whichever one of these modes offers the greatest efficiency at a given moment. It is often a mystery how the Clarity chooses between these 3 drive modes, but I find it satisfying to know the car is utilizing all of its resources and technologies to get me to my destination in the most efficient manner it can provide.
For the above reasons, I feel the driving experience is better when the battery is not depleted.