- The maximum speed of a reciprocating pump can be calculated using the pump's stroke length and number of strokes per minute. - Slip is defined as the difference between the theoretical and actual discharge of a pump. It can be expressed as a percentage, and is usually around 2% for pumps in good condition. - Volumetric efficiency is a measure of the actual discharge divided by the theoretical discharge, and typically ranges from 95-98% for pumps. It depends on factors like fluid compressibility, pressure, and pump design.