My $0.02
On a vzw gnex, updated to 4.3, saw no increase in battery life. Standby and SOT both sucked. I tried restarting, reflashing the ROM after clearing data and batt stats ( I was desperate) and none of that worked.
Then I cut of the WiFi always on, and optimize batt on wifi settings that were introduced in 4.3. Standby time increased dramatically. Standby drains less than 2%/hr now, SOT still sucks.
So if I were any of you guys, I'd turn off those location options. All it does is provide your location to apps (esp Google ones) while the phone is in standby. Its supposed to save battery over using GPS for the location, and it might, but its not nessary and turning it off will save you battery in standby.
That said....YMMV