It depends on where you start and stop.
Starting with 59.3% as the 100% of what is available, or 100% of the kinetic energy as 100%?
Include everything from transmission losses, battery efficiency, inverter efficiency, to the incandescent bulb efficiency?
That would look pretty sad on paper, but the light bulb still works.
Efficiency at cut in would look better than at 110% of rated output.
Especially if the battery was sized to be efficient, because by that time it would be dumping power.
If the performance degraded by 10%, so what. Going from 20% to 18% should not be noticeable in a well planned and balanced system.
It would be less efficient to replace the whole thing with a new one.
G-