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Variation of Radio performance and efficiency with supply voltage

Hi,

We are planning a product with BLE mesh capability using nRF52840 and a few sensors. The system power is from 2 AA batteries. We have 2 configurations in terms of power. Can please you compare them based on the radio performance and power efficiency.

The 2 configurations are,
  1. Using a buck converter a 2V is generated from the battery, and the system works on 2V
  2. The battery is directly connected to the nRF52840
Our aim is to use the complete battery capacity and to have maximum TX power and RX sensitivity.
Also, does the variation in supply voltage affect the radio performance?
Here is the image showing the 2 configurations.
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