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So

Everything in this game that isn’t directly quantified (PT, AFPT) spans a range of values. Papering spans a range of values. So does consistency (horses are considered consistent with a 2 Point show score swing, while a perfectly consistent horse has no swing. A horse with a 3 point variation is considered inconsistent.)

Comparison testing is the same. A horse that tests “AGA” tests within a narrow range of the horse it’s compared to. Remember that the exact wording is actually “About As Good As”. This is why you can have B papered colts who compare AGA A papered colts. You know the A is a little better, but you know that B is a really high B and the A is a really low A.

So, your three boys, from lowest Breeding Ability to highest, go

Frozen Dreams
Dreams of Ice
Broken Ice

You also know for sure now that Dreams of Ice is slightly better than his dad, probably only a percentage point or two. And Broken Ice is only a percentage point or two better than that.