ISP Peering - does it matter?

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As per the above really - do some do it better than others?

I've always got really low pings on anything provided by Openreach from my house to servers in London. Comparatively, on virgin media from roughly the same location pings are around 4x worse.

I tried looking up various ISP's on peeringdb & there are apparently dramatic differences, but maybe it's not a complete picture:

Talktalk: https://www.peeringdb.com/net/721
Virgin: https://www.peeringdb.com/net/1412 ; https://www.peeringdb.com/net/346

Does anyone reading know much about it? Just interested in the subject really :) - I don't see it discussed much but with home 1gbps connections becoming more common it must be increasingly important.
 
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