Agree. But the threshold of audibility depends on the SPL (see the Fletcher-Munson equal loudness contours), so the inclusion of the threshold of audibility should be accompanied by a footnote explaining which curve was chosen and why. This could be in the form of a reference to a "here's how we do things at ASR" page.
The key technical information was provided in the graph. This is not something I commonly do so don't see the reference to "how do things as ASR." It also has nothing to do with how we do things. That is the method that is used to perform audibility analysis in research papers published at AES.
I highly suggest people read this paper if they want to learn about this topic:
“Dynamic-Range Issues in the Modern Digital Audio Environment, ” Fielder, Louis D., JAES Volume 43 Issue 5 pp. 322-339; May 1995
Simply put, to have a dynamic range of 120 dBSPL, everything in the recording and playback chain combined must have that dynamic range. As a result, you can analyze each component to see if it meets or exceeds that criteria. If it does not, then when playing back with a peak of 120 dBSPL, system noise can land above threshold of hearing and therefore be audible. This requirement however only applies to the most sensitive part of our hearing. At lower frequencies we can tolerate far less dynamic range as explained in my article:
https://www.audiosciencereview.com/forum/index.php?threads/dynamic-range-how-quiet-is-quiet.14/
And graph within (which came from Fielder's work):
As it relates to this topic, see how Fielder uses this analysis to see if microphone noise would be audible:
Stuart's paper is also a great read:
“Noise: Methods for Estimating Detectability and Threshold, ” Stuart, J. Robert, JAES Volume 42 Issue 3 pp. 124-140; March 1994
He too uses this kind of analysis to determine audibility of quantization noise of digital audio formats.
Finally, I cover these concepts and more of Fielder's work in this video I produced:
So no, this is not some made up concept. I have explained it before many times and can do it again if questions are asked instead of complaints.