All these measurements are fantastic but they lack the varying human factor.
I owned an NES back in the early 90s and played Sega over friends houses, but we quickly moved to a Pentium 133MHz and never had another TV console till I acquired the PS2 in 2002 and back to PC.
So from the late 90s till a year a go, it was all emulation for me and I did not own a single “retro” console till 2017.
Lately I amassed several retro consoles (Nes,Snes,Sega,N64,Ps1,Ps2) and everdrives and a Sony CRT to compare with emulation.
LAG, what once we a non-issue and something I was completely oblivious too for almost 20 years became something I very much notice and it expresses itself in how well I play these games.
BUT, before I played these games on the real hardware with zero lag I was very adapted to these games on the emulator that I played them like a ‘pro’ without being bothered by the lag, or dying.
After spending some time playing these games on the hardware and CRT, going back to Emulation lag is very noticeable indeed and clearly diminishes performance, it almost feels like playing inside a dream… if you know what I mean.
BUT (again) and here’s my point, the BRAIN can adapt to the lag of emulation and compensate for the delay and make you play like a pro again completely removing the “in a dream” sensation when going back from hardware+crt to emulation.
In my experience, this adaptation to lag takes maybe a day or a couple of hours of attentive playing.
Of course zero loop lag from an emulator will be ideal, but under 100mS is totally adaptable hence playable thanks to our easily fooled brains.