1. Mid parent heterosis is more practical importance in comparing performance of F1 hybrids because it indicates the level of superiority of a hybrid over the average performance of its parents.
2. Yes, it is possible that a hybrid may register high MPH (%) due to wide difference between parents but its actual performance may be lower than other hybrids when compared to a standard/commercial check. In such cases, standard heterosis or economic heterosis would be a better indicator of hybrid's performance relative to commercially grown varieties.