Back to the original question about how precisely can you determine green speed, I am not sure how I can. I would say anything below 7 or 8 is slow, between 8 and 11 moderate, and anything about 11 plainly freaking fast. Anything beyond simply definitions like that other than for consistency is foolish, I think. I could probably tell the difference between 8' and 9' or 8' and 7', maybe. Overall though, get them all reasonably the same and they are fine.
Going with the Error thing, yeah, 2" is almost nothing. A friend of mine had one of those Pelz True Roller things, and we used it on the green. If you started the ball from even 1/4" higher on the runner or 1/4" lower on the runner, it would miss the hole because of speed. Its the same deal with a Stimpmeter, unless you are perfect in where you start the ball on the runner (you're not, even with it marked, by the way) you will get slightly different readings each time. Roll 10 or even 25 balls on each green at different spots, etc and average each green. Then look at the whole course, I'd bet there is very little difference between them, maybe 1" or 2" over the whole course.