I don’t know what the degradation threshold is set to for the Model Y Performance. I think from above for the new AWD with the 82.1kWh battery it is around 79kWh, but we don’t have data from someone below the threshold for the Performance (I think). (That’s the only way I know of to figure out the threshold value without SMT.)
In any case 78kWh is PROBABLY below the threshold (considering the newer vehicles have a 79kWh threshold). The reason it matters is that the method does not show capacity above the threshold. The value is a minimum value (capped by the threshold). Min(threshold, capacity).
What are your rated miles at 100%? That vehicle has rated miles of ~303 rated miles (I think), so if you show lower than that at 100% charge you can be sure your capacity is indeed below the threshold.
Someone here probably knows the actual constant used for Model Y Performance and that would also give you the threshold. I don’t track them for Model Y.