Lets put it this way, in a 10 ah pack, once you pass 3.5v you have about two blocks before you are taking a very real risk of damage. 3.5, 3.3, Hell the difference is measured in yards.
2.7v is not so much the fully discharged voltage, as the voltage you don't go below to avoid creating a pack doomed to catch fire.
3.6v on the other hand, I have noticed that if I don't go all the way to 3.5v discharge, the packs tend to stay more balanced. And again, below 3.5v, you may as well just start pedaling your ass off, you didn't make it. Ideally you will stop when you are at 3.6- 3.7v on most rides, or even higher.
Figure out what your voltage drop under load is, 2v, 4v, whatever. Then set your lvc so you expect to stay above 3.3v, 3.4v, resting voltage, something like that. Then,,,,, don't even think of riding till the lvc pops. If you do, some cells will likely be still at 3.5v, and others will be 2.7v or below.
That LVC is not going to save your entire pack. It's only going to save some of the segments of it.