Quick question -
EXAMPLE ONLY
1st Pool has 165ms Ping and [Avg 24hr --104% LTC Profitabilty] 2%fee 1-2% Rejection
2nd Pool has 235ms Ping and [Avg 24hr --117% LTC Profitabilty] 2%fee 4-6% Rejection
Which do you think will pay out more?
You just need to calculate net profitability, i.e. excluding rejections and fees.
net profitability = gross profitability x (1-fee) x (1-rejections)
For your example (I will average the rejection rate):
1st: 104⋅(1−0.02)⋅(1−0.015) = 100.3912
2nd: 117⋅(1−0.02)⋅(1−0.05) = 108.927
In this case the second pool WAS more profitable in the observed period. I uppercased 'was' because past profitability is in no way a prediction for future profitability. One pool can have 120% LTC profitability in a given hour and 80% prof. in the following hour. It is just luck. Rejection rates are more stable tough, so try to avoid pools where you get high rejections.