Actually, you can have "active diodes" that can get the voltage drop to well under 0.1V. They are actually a MOSFET and a controller. The MOSFET is installed "backwards" so that the body diode is forward conducting. The controller detects the voltage drop across the drain and source and drives the gate to servo the voltage at the target voltage. Linear Tech makes the controllers for this, as do others. It is usually used for power management where you are dealing with several to several 10's of amps.
I have not read through this whole thread, to know if it is applicable here, but they do exist.
---55p