Those are peaks.
Yes, that is db down, it gets better from there.
It appears it does not get better from there.
But if you happy with it it does not matter. I would be surprised if this was not audible in some manor.
Returning to the V3's performance at the loudspeaker outputs, channel separation (not shown) was the same as before, at 60dB in both directions below 1kHz and around 40dB at the top of the audioband. The V3's unweighted signal/noise ratio in the audioband, taken with the line input shorted but the volume control at its maximum, was also the same at 67.7dB left and 66.1dB right, both ref. 2.83V into 8 ohms. This was primarily due to full-wave–rectified, supply-related spuriae (fig.2), though the random noise floor components were also relatively high in level.

