Are non-rechargeable batteries fully replaceable by rechargeable batteries even the fact they are 1.2 volts (Ni-Cd and Ni-MH)?
Yes. Alkaline batteries are rated at a nominal voltage of 1.5 volts. Nevertheless, as they begin discharging, their voltage continuously drops. Over the course of discharge, the average voltage of alkaline batteries is in fact about 1.2 volts, as Ni-Cd or NiMH batteries voltage. The difference is that an alkaline battery starts at 1.5 volts and gradually drops to less than 1.0 volt, while Ni-Cd and NiMH batteries stay at about 1.2 volts for most of their life.