Might be worth looking into, I've never seen any compact boost converter circuits out there for 1.5 volt cells except 'joule thief' designs which are for pulling the last few mas out of a dieing 1.5 cell. Try lithium polymer cells for micro RC helicopters perhaps, there you at least have 3+ volts to work with at the start. The switching losses aren't even an issue, but for logic, a single diode drop the power has to pass through is 1/6th of your total voltage, which is a LOT of power. FETs don't work so well at voltages this low without dedicated drive cirucuitry.