Accuracy is a metric of how close a given measurement is to the displayed measurement (when compared to a given tape measure). Precision is how close multiple pieces are relative to one another at the same measurement. Both are achievable using the M1 Caliber following best practices outlined for standard M1 use.
Resolution is the smallest value that can be read for the M1 Caliber. For the M1 tool, this value is close to 0.040mm but the actual displayed resolution varies by measuring units (see units for additional information).