Signal strength doesn't always indicate signal quality - an app like SweetSpots is great for this as it actually tells you the performance which is what we all really want to know. Something to note though is that sweetspots works by sending packets so it can only tell you the upstream speed from client to AP. I use it all the time for doing quick checks before I break out actual WiFi survey tools like a spectrum analyzer, AirMagnet, or Ekahau - all tools that are intended for professional use, not cost effective for consumers.
Most times a quick sweet spots check will suffice for informal checks of how good an AP's position or channel is. 1x1 iPhones such as the SE will have a lower speed than 2x2 iphones like the 6s,7,8,etc. It's important to keep you're phones physical limits in mind (as well as your AP) while using an app like sweetspots to determine good coverage/performance/interference.
The app does not test the speed beyond your AP however - a 100Mbps ethernet uplink, a 10Mbps internet connection will not be factored into your speed results - it's just raw wifi throughput - packets get discarded once they're received by the AP radio interface.