The preference score is mathematical calculation, nothing more.
No one is claiming it's the "One true ring that binds them all."
It's a metric, like many others, that we can use to judge a speakers performance in relation to another speaker.
It tells us if you compare two speakers, what's the probability that one speaker is more preferred than another.
It's a useful tool, in our tool-bag, to eliminate the men from the boys, or the good from the bad, or best from the worst.
It should theoretically go to 10 (assuming LFX of 14.5).
The best performing speaker that we know of is the Infinity IL60 (preference score of 8.1). It's discontinued though.
Second best performing speaker that we know of is the KEF Reference 5 (preference score of 7.6) is US$20,000/pair.
The worst performing speaker that we know of is the LYX SPA8PAS (preference score of -3.3), a $90/ea PA speaker.
Looking at the spinorama of these 2 speakers, without even computing the preference score, which one would you buy (ignoring the price)?
The Kef's, of course.
The preference score tells us the same.
In regards to what's the difference between a score of 5.0 vs 6.0, here's Dr Sean Olive's answer: