Latency is what you may know of in online gaming as ping. A stable ping of 20ms is good. A variable ping of 10ms to 90ms is bad.
My BEthere connection is a solid 18ms. My VM connection is anything from 13ms to 140ms - which is bad for online gaming. So I use my BEthere connection for online gaming and my VM for general web browsing\downloads. Mind you video streaming is pretty useless at the mo with VM.
As you rightly point out - speedtests are not good indicators of quality.
You need to compare pricing on some websites and see what speeds you will likely get. Try... BT, Sky, Plusnet, ADSL24, Bethere. Others here can probably provide more providers to try.
You appear to want the best of all worlds, speed & good latency and who doesn't, it will cost you more than you pay for VM.



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