Hello Rob,
With respect to the stated power down conditions, AN2158 seems to require that a set of conditions must be observed that can never be guaranteed in practice, since the duration and depth of a "brownout" is indeterminate. The application note alludes to dire consequences in the absence of a POR, but is otherwise very vague. I suspect there might have been a certain amout of "backside covering" within the document.
Keep in mind that the JK/JL series was a very early HC908 offering, with separate versions for crystal oscillator and RC oscillator. The POR process allowed extra clock startup cycles, that would be important to allow the crystal to stabilize. This appears the only difference between POR and other forms of reset, that I am aware.
However, for more recent offerings that contain an internal oscillator, the start-up time of the internal oscillator will be of much shorter duration, and any form of reset will generally revert to using the internal oscillator, with use of an external crystal specifically selected during initialisation.
This would leave me to believe that a LV reset should be sufficient to ensure correct operation, with POR occurring only when the brownout was sufficiently deep to meet the POR voltage threshold.
Regards,
Mac