I'd have to do it again to be sure but IRRC mine just adds a red flash to the Purple-White. First warning adds a single flash, additional warnings add more red flashes. The transmitter vibrates as well.
For me the first voltage warning initiates sometime after 21.8v is reached but before 21.7v. As you've noted the Yuneec batteries don't handle a deep dive with a high current load for crap. I'm still a bit pi$$ed about buying 2 additional sets of Yuneec batteries at full pop with the system without the supplier warning me about them before hand

The Zippy batteries really expose the Yuneec battery deficiencies as achieving 21.8v with Zippy batteries does not immediately initiate the first voltage warning. It takes awhile running at 21.8v before the voltage warning kicks in. With the Yuneec batteries the voltage warning occurs almost immediately after hitting 21.8v. Then again, the Zippy batteries (10,000mA) hit 21.8v after 15 minutes or so while three Yuneec batteries (12,000mA) do it after only about 8-9 minutes. The problem with Zippy batteries, if you want to call it a problem. is they remain in the 21.8-21.7v zone that triggers the first voltage warning for a relatively long time, which means that massively annoying first voltage warning pop up has to be cleared over and over and over. Below 21.7v things go nicely for quite a while before hitting the next warning at about 21.5v, which surprisingly is not as persistent as the first warning.