Quad cores capped to a low frequency should have a better perf/W than dual or single core capped to a high frequency. Of course the application has to be multi-threaded with little parallelization overhead, e.g. parallel compilation.
Many applications (e.g. web browsers, office stuff etc) need CPU power in bursts. They will be idle most of the time, and the reactiveness of their interface (loading/rendering time etc) depends mostly on the peak cpu performance, while their overall power consumption mostly depends on the idle cpu consumption.
Many applications (e.g. web browsers, office stuff etc) need CPU power in bursts. They will be idle most of the time, and the reactiveness of their interface (loading/rendering time etc) depends mostly on the peak cpu performance, while their overall power consumption mostly depends on the idle cpu consumption.