"V" in progress bar

"V" is said to mean "uncorrected error/skip". I've always
assumed that it meant "uncorrected by cdparanoia". But I have
this track which sometimes rips with "V" and sometimes without.

I hear artefacts in the rips without "V" but not in the rips
with. So I'm beginning to wonder if "V" could mean "uncorrected
by the drive but corrected by cdparanoia".

Does "V" equate to "this rip is not good" ?