I've already done some testing, and found that running the 920T at 200MHz takes about 95mA more than running it at 100MHz. That is, almost 1mA/MHz consumed by the 920T. To put it in context, the whole unit draws about 400mA when sitting at the menu with 200MHz, against 300mA at 100MHz. Running at 100MHz provides a 25% reduction in current!
A few other things - the 940T is held in reset unless you're actually decoding video or whatever. When it is held in reset, the 940T is consuming basically no power. When the 940T is running at 100MHz, it consumes about 30mA, and at 200MHz, it consumes about 50mA.
Enabling the TV-out consumes about 200mA more current- this is obviously major, but we don't know how to properly set up the TV encoder chip so when that is done correctly, its current draw may decrease.
There is a clock signal that is sent to the SD card, which can be turned off. I don't know whether the GPH software ever turns it off, but if you know that you're not going to be doing any SD access, turning this signal off saves about 15mA.
Turning off the backlight saves about 50mA. Not a great option as it means you can't see anything on the screen, but for those applications (MP3 playback etc) where you don't need the screen, it's a useful power saving.