web page On a quick google search 50% of the battery is going to your screen.
According to my google searches the difference of power usage between the two processors is very minimal. (i3 vs. i5) I would opt for the higher processor power to save you the need of buying another laptop later on. You will be better off opting for a smaller screen or reducing your brightness settings.
The link above has some tips on how to reduce the drain on your laptop's battery for extended business use.
Some laptops like the lenovo thinkpad series you can optionally purchase a 9 cell battery instead of a 6 cell. Those things will last a loooong time. (in some cases 20+ hours with a small enough screen) And dell offers a huge battery that connects underneath your laptop that lasts for like 30 hours
/nerd