I'd think that for any manufacturer that considers to constraint power somewhat the first candidate to consider would be the CPU. Theoretically I'd say that you save a lot more power going down to say 2050MHz for the CPU in such a case then 45MHz for the GPU.
Yeah i suspected as much
http://www.android4fans.com/wp-content/uploads/2013/06/Xperia-Z-Ultra_Screenie_4.jpg
Sonys 6,44 inch phablet is going to be clocked slightly below the 2,3 GHz limit.