I agree coping a tape is pretty straight forward, but the amount of loss really depends on the playback & record electronics used to duplicate that tape. With stock to stock machines the results will be the baseline. If there are custom record & playback amps in this chain, the loss will be much less.
My experience with tape playback amps, the differences can be quite surprising. For instance I have been using a tape playback amp based on the Western Electric 437a tube executed with all silver transformers etc. since I started UltraAnalogue Recordings. It's sound was very very good....
We just finished a tape amp using the Western Electric 300b amp & I have to say, the changes were surprising in all areas of sound... the timbres, transient speed, dynamics, naturalness, rhythmic pulse & drive of the music were all taken to another level.... There is no free lunch in audio!
So in tape duplication, as in all things, nothing is simple!
Ed