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All gelding papers mean is that IF they had been left intact, that is what their papering would be as far as breeding ability. It's really just there so when Charlie gelds something, we can satisfy our curiosity as to just how bad of a breeder they would have been lol.

As I understand it, gelding advice from Charlie tells you if your horse will be a significantly worse breeder than his sire. If the sire has papered star and he has a gelding that papers A, the gelding will likely be snipped by Charlie. If a star out of a star is snipped, it probably is for the best as that's the only way besides comparison testing to gauge the breeding ability of later generation (especially LB-lined) horses. There is some variability in paper levels, and there are many different levels of star papers, as most people expect all horses to paper star by third or fourth generation but still manage to keep improving their lines to get better star-papered boys.

I use the gelding papering sometimes for seeing how a stud is producing across the board on colts, but mostly it is my curiosity. It's free so it costs nothing to indulge that curiosity.