Not really, if you understand the tools used for those graphs. Liteon has its own quality program called KProbe. It does not have quality scores, instead you look at the
PI Max & PF Max numbers, which must be within a certain range for a good write.
Nero's CD-DVD speed can also be used, look up how to
understand CD-DVD Speed. An earlier guide is also
here. There's a fair bit of reading to do, but once you get the idea, things get simpler afterwards. The quality scores is what you need to understand, the read transfer tests are for drives that don't support quality scanning, they are a useful addition but i mainly use just the quality test.
The other link you posted shows how well it writes for different media using various firmwares. They are comparing here how good the write quality is compared to earlier firmware builds. Idea being if ppl report they are getting better writes, then you upgrade to the latest & greatest firmware or stick with the same. Bitsetting is done by the drive software itself, with my BenQ there was another program included that makes these settings. I get better burns with MB's +R. About Lightscribe, provided all you want to do is print text, then it will be fine, if you want to include anything more fancy like photos then the quality might not be what you expect.
Given a choice i would say buy, a BenQ 1640/1650, if you are lucky enough to find one, i have not done enough research on this liteon drive to recommend it, it looks ok on first glance, what other Lite-on's are available ? sometimes the latest is not always the best.
i'm used to seeing better quality scores with the Benq, good is >95, ok is 90-95, 90 and below is average to crap. Highest i saw with this liteon on, that too with Taiyo Yuden media was 95, which i expect is pretty good for a liteon but only ok for a BenQ.
Liteons are very forgiving readers, they read anything. My priority when getting a dvd writer was how well it wrote, strictly for backups that too for the odd few that was not saved to HD, i did not care to play games or copy stuff from it at all.