That is intentional. The common opinion among TW players is that in Vanilla TW the battles are way too fast. With forces routing only after seconds of fighting, many tactical aspects are lost, for instance a well planned flanking maneuver loses it's point when the opponent routs as the battlelines meet. To remedy this situation EB has indeed toned down the lethality ratings of units to make the battles last longer.
To modify this yourself, go to the export_descr_units.txt and change the last number on the weapons line, but be warned, it will screw up the unit balance.
All things put together I highly recommend that you try to play without modifying the files. Instead, try to figure out ways to use this extra time in you're hands. You can use it to make a wise tactical maneuver or micromanager your troops without frantically pressing pause, or just zoom in on the frey and enjoy the beatifully modelled EB units in full action, which is best IMHO.
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