Power using 3.7v Lipo

Yet another battery discussion.

I looked up the data sheet for the built in power regulator on the photon

Looks like it can go from 2.7-5.5 for input.

Shouldn’t this work well with a 3.7v Lipo battery (with an internal 3v dropout regulator?)

You can but you risk driving the Lipo undervoltage if it does not come with a protection circuit or risk having the Photon “bricked” in some low-voltage situation