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"significance of performance" is a perfectly valid phrase in written English.
You can use it when referring to the importance of an accomplishment or the meaningfulness of a task. For example: "The significance of the athlete's performance cannot be overstated."
Exact(14)
Ivanov, M., Warrach-Sagi, K. & Wulfmeyer, V. Field significance of performance measures in the context of regional climate model evaluation.
Results show the significance of performance improvement achieved by vanilla LSTM.
Even though I admired the skill and audacity of anyone who could put themselves in front of the camera and keep cool enough to play a role, I simply didn't feel the significance of performance to the resulting film.
RQ2: Significance of performance overhead.
The standard error is useful for assessing the significance of performance differences across algorithms [48].
This is necessary because knowledge of base rates of poor performance in the general population is required to evaluate the significance of performance deficits in clinical populations.
Similar(46)
We have shown that although these frameworks introduce more or less a constant absolute performance overhead, the significance of this performance overhead may depend highly on the nature and complexity of the overall database setup and the application case.
However the larger range of CCR performances is not large enough to affect the significance of the performance gains made by HME3M.
As an important part of health services research, the significance of medical performance evaluation lies not only in the establishment of a better performance supervising system but also through evidence-based health policymaking and the regulation of the health services market.
While the significance of business performance is addressed to organizational effectiveness, in a broader concept, there are two indicators explaining business performance including financial performance (sales growth, profitability, earning per share) and operational performance (market share, new product, product quality, marketing effectiveness and value added) (Venkatraman & Ramanujam, 1986).
To assess statistical significance of classifier performance, a one-tailed t-test (significance level of alpha=0.05) for single sample was used on the performance level across subjects versus chance level (50%).
More suggestions(15)
indication of performance
direction of performance
quantity of performance
significance of overlap
size of performance
essence of performance
significance of orientation
role of performance
magnitude of performance
effectiveness of performance
significance of effect
significance of education
significance of impact
relevance of performance
significance of relationship
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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