Suggestions(5)
The phrase 'practical significance of' is correct and can be used in written English.
You can use this phrase to refer to the actual, practical implications of something that is being discussed. For example, you could say, "We must consider the practical significance of the new regulations before deciding on the best course of action."
Exact(60)
Finally, although some reported declines in medical student empathy have been statistically significant, the practical significance of those declines remains open to debate [ 33].
Thus, the practical significance of this statistical significant finding is very limited.
Although statistically significant benefits were consistently found, the practical significance of these improvements is untested.
It should also be realised that drawing a conclusion of superiority based on a statistically significant difference says nothing about the practical significance of the medicine.
The practical significance of any brain damage is also uncertain.
The practical significance of the Court's decision is difficult to overstate.
The practical significance of the decision is that it improves the chances Ms. Rousseff will be ousted this week.
Such uncertainties cloud the theoretical and practical significance of much available data.
The practical significance of beaches is not limited to their function as protectors of the coast or as recreation sites.
The most common practical significance of the actinoids arises from the fissionability, or potential for splitting, of nuclei of certain of their isotopes.
Relatively small numerical differences can be statistically significant because of the large numbers of subjects involved, so we're more interested in determining the real world, practical significance of any observed effects.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com