I prefer Rhythm and Pace… as PRaT sounds more like brat, but just a different term for what is probably the most difficult to directly focus your minds eye on (all right, in this case ear on), and yet is probably the most important sonic parameter to a great sounding musical system.
The OP brings it up in number 4 because unlike detail, imaging, or slam you do not sense it directionally… as in right there in a certain place in the sound field are the cymbals and they have a certain sonic characteristic, or the bass… easy to focus your attention on.
PRaT is a characteristic of the whole system…. Of the music coming out. You cannot sense it from listening to the snare drum relative to the kick drum. It is the timing of all the music and effects you very subconsciously. It is what makes you tap your foot, or want to sway with the music. It is not what sparks your mind’s eye to listen to the whack of a drumstick or bowing of a cello string. It is what sucks you into the music and establishes that primal connection.
While you cannot be missing all the other good attributes of a system, this is the one that truly makes a system enthralling and engaging. This is the thing that makes it hard to drag yourself away from the system after hours of listening. So, if you can walk away from your system after playing and album or are ever fatigued, this is probably what you are missing and it is worth investing a lot of time trying to learn how to perceive it and get it into your system. There are a tremendous amount of high end equipment that is virtually devoid of it.