RT60 can be misleading in small rooms, because the decay is too short and consist of discrete reflections rather than a diffuse sound field. But I admit I look at RT60, to get some rough estimate of how live a room is - small rooms often end up around 0.15 - 0.2s, larger room will have longer RT60.
Decay should be similar across the frequency range, but often it is difficult to achieve low decay times in the bass range. A room with too much thin absorption will have very short decay at high frequencies, a speaker with collapsing polar response will also tend to show similar curves.
A better way to visualize decay is to look at the decay graph, or the spectrogram.
The IR plot shows how sound energy dies. The IR is weighted towards higher frequencies, so it does not give a good picture of overall sound decay.
The ideal room has a very fast drop in sound energy down to completely dead, then the sound energy rises again after a short time interval, and then continues to decay rather slowly. This is difficult to achieve in a small room, where early reflections tend to be too loud and early decay is too slow, while late decay is too fast.
The radiation pattern of the speakers have significant impact on the shape of the decay profile - both in time and frequency. Some speakers are born with a better early-to-late reflection level, and will perform much better especially in small rooms.
To analyze acoustic performance, it is therefore necessary to look at several different graphs and representations, and RT60 is not the most useful information.
This post needs some pictures; some IR graphs seems appropriate.
First is a speaker in a small room, very little or no acoustic treatment. just like most of us have:
Then a slightly different speaker, in the same room:
We see that this speaker gives a huge improvement towards the ideal - there is a fast drop in level early in time, and then the sound rises slighly before it continues to slowly disappear.
The same speaker in Room2:
Now we see some improvement of the early gap, and a huge reduction in decay after the initial rise around 10ms.
The RT60 graph for this last situation:
The RT60 can be misleading here, because the shape of the decay profile affects the RT60 values, giving different RT60 depending on how we choose to calculate. Though in this example here, all values shown are quite similar.