Earlier quoted context omitted.
...when running SELECT 1 over a loopback socket. The reply to that comment is accurate: that's a pathological case. Probably an order of magnitude off.
We're still learning, but it looks like pgbench is 7% to 15% off: https://www.postgresql.org/message-id/20180102222354.qikjmf7...
Real-world use cases introduce much more latency from other sources in the first place.
I'm sticking with an expectation in the 2%-5% range.