The thing is, we don't know how "thin" they're running, and we do know they can quantify what's going on in lap time, at least within some reasonable error bar; the paper posted by Shannow clearly shows power lost in pumping losses. And look at it this way, it's not like Hulkenberg's Force India Mercedes is running 20w-50 and Lewis Hamilton's Mercedes Mercedes is running 0w-20. In any event, it looks like someone at Mercedes is pushing a little more caution, with Rosberg not having run away with the last race when he clearly could have.
I'm still not convinced that Lewis doesn't share some of the blame for his reliability issues, and that's why I agree with grid penalties for reliability problems. As I mentioned already, it's a lot easier to ask for forgiveness than permission. If Hamilton turns his engine up too high and wins race after race, Mercedes will groan, but the groaning gets rather muted when he brings in 25 points each race. He starts amassing DNFs and grid penalties, the situation starts to change. Beyond that, while these cars are fragile, we're seeing a lot less DNFs than we did in years past.