You're right about run time, but you're incorrect about performance. The 1.2 volt batteries also have less internal resistance, so they flow more current at 1.2 volts than the 1.5 volt alkaline batteries. Basic Ohms law involves resistance, voltage and amperage. Can't just look at one without considering the other two. Now I have found some devices that won't work at the lower voltage and in those cases, the NiMH just don't work. I still hate throwing batteries away.