Wow! This thread woke up from the dead!
It is very accurate. The app will pick up cue tip contact, and cue ball impact on the rack. If you set up the ball placement correctly on the app, it is as accurate as a radar gun. And it is pretty good at dismissing background noises in a busy pool room.
After using it for several years, I think it picks up most of the sound through the table itself. I surmise that because you put your phone on the rail near the cue ball. Put your ear on the table when someone breaks. It's pretty loud! And sound will travel through a solid object much faster then through the air.
It is a good tool if you use it correctly. Some people will use it just to see how fast they can break. If you use it to practice your speed consistency, then it is very useful.