Dear Zach,
If the delivery rate is calculated based on bounces, the end result could be definitely wrong unless you really know the number of emails that were delivered. As there are a lot of cases when you don't get a bounce notification from the end server but they put the email in backoff queue and then trash it. So better if we say it "Estimated Delivery Rate" instead of "Delivery Rate". As when you connect your Mumara with any of the ESP account, Mumara tells you the actual delivery rate.