It's a measurement which, depending upon the type of tester, might give you an indication of a tube's transconductance or heater emission. If it measures below spec it's most likely not going to perform correctly. If it measures well it will probably perform well assuming there are no noise issues. But you don't necessarily have a measurement that relates directly to how long it will perform to spec. Lifespan specifications for tubes are generally in the thousands of hours, so a tube that measures well and sounds good is probably worth investing in if it is what you desire.