Think of it this way -- Shazam, Soundhound and others are doing their darnedest to find you the song being presented. The goal is 100% match -- with much less significance given to the accuracy of the match.
Apple's goal is to match as much as possible -- while giving the RIAA 100% assurance that Apple is not giving away music by mismatching. i.e. the goal is to have 100% accuracy on songs matched.
The difference is huge. Statistically speaking, a 100% confidence level is impossible, so Apple has probably convinced the RIAA (or paid them) to accept something less -- but probably still at least 99%.
Total conjecture, here, but when I start thinking about iTunes Match in this context, I start thinking that the time-distance between the start of the track and the start of the song might be the nost critical, as there are probably 2 or 3 waveform snippets randomly selected and compared to the waveforms of what might be a selection of songs that meet a lower standard of "possible" matches. But, in order to actually score a "Matched", the waveforms have to be extremely close. Clipping, might be overlooked, as long as the unclipped portion of the waveform matches, and clicks/pops might be able to be filtered out during the match process, but a .2 second difference in the start of the song might mean a completely different waveform being compared, and thus rejected.
But that would make 40-60% success rate in matching LP rips seem exceedingly high....
I don't know. Maybe I should spend my time ripping some music and trying to get the best I can out of it. Though I think I've learned something of how to do that, by reading the threads associated with it.