Yeah it's mostly about the electrochemistry of the battery. High regen puts juice back into the battery at a higher rate than is optimal; it's analogous to high acceleration, when lots of power is drawn and efficiency is not as good as when you press that pedal more gently. That said, I prefer high regen for its superior control via the pedal. Either way (low or high regen) you have to pay some attention and adjust your driving style to get the most out of your electrons -- if that's your objective. Mine is usually to get from A to B not with the greatest efficiency but with the most fun.