I recently installed Ubuntu 19.10 on my Thinkpad and one of the first things I noticed was how bad battery life was. If this tool can help, it'll be a godsend.
You'll probably get a lot more benefit from just pulling up powertop and fixing whatever dumb thing is eating your battery. Common issues that are never right by default are PCIe ASPM, SATA ALPM, audio codecs that are always powered, USB devices that are always active, bluetooth spamming away when you're not using it, etc.
They try to do the same things in different implementations. They conflict with each other and you shouldn't install both. Tlp seems to be the modern default replacing laptop-mode, but I don't have details around why.