microcontroller - For variable voltage devices, namely SD cards, how much power do you save by using a lower voltage?

I'm designing a computer vision system and my 3 main components are

1. microcontroller (VDD = [1.8V, 3.6V])


2. microSD card (4 bit mode, VDD = [2.7V, 3.6V] according to SD 2.0 standard)


3. cheap cell phone camera (using the 8 bit parallel DVP interface, VDD = [1.8V, 3.0V], Vanalog = [2.6V, 3.0V])

I suppose using lower voltages will reduce power, but I'm starting to doubt this because I found all the components have an internal switched capacitor regulator that change the voltage further (1.3V for the microcontroller, 1.5V for the camera, and probably a high voltage for the microSD). So, using a lower voltage will just result in a higher current draw. The only exception is for the camera, whos datasheet says it uses a linear regulator to drop the external DOVDD (I/O voltage) to the 1.5V digital core. In that case, I can save (2.7V - 1.8V) * 0.1A = 90mW by using 1.8V instead of 2.7V. This is about a 15% power saving for the whole system.

Currently, I can get away with using 2.7V for all my components. I'm only working on this as a hobby and only have a 1 layer PCB, so I'm hesitant about using multiple voltages.

So my questions are:

1. 
   

   How much core/internal power does using a lower external voltage save? None?

   
   


2. 
   

   How much I/O power does using a lower voltage save? I'm aware from Bill Dally's presentations that data transfer often consumes more power than computation, but I'm not operating at GHz speeds. According to the camera data sheet, table 8-3, when you don't use the internal regulator for generating the 1.5V core voltage, the I/O current, Idd-do is only 9-12 mA, so using a lower swing wouldn't save much power.

   
   


3. 
   

   How do you use the 1.8V mode on SD cards? Initially, you need to operate at 2.7 - 3.6V. After sending a CMD5 requesting 1.8V, then you can drop to 1.8V. But this seems hopelessly complicated to me? That means I need to drop the voltage to the micro controller too, right? and do it gradually. Are there any regulators that allow smooth transitioning from 2.7V to 1.8V?