If your battery gets to LVC your lights will still work even though there isn't enough juice for the motor. Most DC e-bike lights work from 7v to 42v and the high end up to 60v. The dynamo on the German e-bikes is from the olden times when wired DC lights didn't even exist on the market StVZO have since caught up.I quite like the dynamo lights on my Kalkhoff, they are bright enough to see my way on unlit paths/roads at night and I never have to worry about batteries, even if I get to the end of the motor battery.
The hub dynamo itself is very good and I don't notice the difference. A far cry from the old dynamo lights I had in the 80's with the sprung wheel that pressed on the tyre. That felt like a proper drag when you used it!