I have a 14' tinny and a 30 ft pound MinnKota. Powered by a group 24 deep cycle battery, smaller of the group 27 and group 24. Dont remember at the monet which is the smaller of the two, but thats the one I have.
Longevity will depend on numerous factors. Generally yes, power setting 2 or 3 will last longer than 4 or 5. I pretty much use level 1 all the time when drifting around. Battery lasts all day.
I have been in situations where it took me 45 minutes on trolling motor power only (no gas motor lake) to get ot my spot, fish all day and almost not make it back to the dock. Hind sight says I shouldnt have used the trolling motor through the weeds, weeds so thick and water so shallow I barely had the motor in teh water and had to clean it every minute or two. Should ahve dug out the paddle and pushed my way though the weeds. The 10 mph wind on the way back didnt help either. I made it, barely. Had to use my anchor rope to load the boat, the 10 mph wind and ramp angle was too much for the remianing juice int he battery. Wehn I hooked up the charger, I had 45percent charge left. Really deep drain that day. But I learned a few things, Bass and Crappie do share the same holes some times. #-o
Edited to add this.
Boat, gear, boat mods, and the two of us weighs 1000 pounds. That little 30 pound trolling motor did its job well considering the circumstances.