I dont quite know how the numbers would stack up. I firmly believe its a fantastic idea, but I cant decide where the lower limit should be.
Unloaded, I would say 3.6v is a battery I would consider putting back on charge.
loaded? as mentioned above, it really does depend on the load. A 0.5ohm coil at 16w or so is 2.8volts. I tended to vape around there on a sig100. So if that is the lower range, and members here want 3.4v or 3.7v then it'll be tough to design something static to cater for all users. Perhaps a small variable resistor would do the job...vape till you arent happy anymore, then set the pot such that the light changes and that is your setting. Pot range for light to go from red to green would be somewhere from 2.8v to 3.6v. Dirty contacts arent an issue, but different cells will drop a different amount when fired, so...ja...a variable resistor pls so we can set our own. You get those small surface mount ones that you need an itty-bitty screwdriver to adjust.
Thanks for your comments and I do agree, but as I explained to a poster above; "I've learned over the years to NOT provide the end-user with an adjustable pot (especially surface mount pots), they WILL break it".