Beat error is basically a measurement of 'slop' in the movement, specifically the difference in times between the balance swinging all the way one way and all the way back the other way... beat error can change drastically based on position and problems with the movement, and the strength of the hair spring.
0.4ms isn't a bad error rate, especially for an Asian replica movement and you are losing 5 seconds a day on average, which may regulate out easily... Not too bad at all...
I would be more interested in the amplitude when wondering about the health of the movement... hopefully something above 270 degrees when fully wound.