In my experience, packets arriving with sufficiently short latency to be useful are good. Packets arriving too late, and packets lost are bad. 100% = all good. 5% late or lost = 95% …. In my system I can hear when things are not awfully close to 100% by this definition.… well, I still don’t technically understand how a digital signal/package consisting of 0s and 1s can be degraded - from what i understand it either arrives at the bridge/dac fully or not at all… but not at x% of 100
useful tools: https://packetlosstest.com/