Nah. Battery health is a measure of overall capacity relative to new. The battery could be 92% capable of holding a charge, but chemically degraded in a way that it cannot output the same peak voltage or amperage.

The phone momentarily ramps up and demands full power, the battery can’t deliver, the system crashes and reboots. After reboot, performance management is applied to prevent the CPU from exceeding the battery’s current maximum output capability.