Sorry, but no.

Quote:

Ping is just the delay of the data. Higher ping = longer travel distance Lower ping = lower travel distance

Not always.

A higher ping can also be caused by net congestion, packet loss, and bad hardware along the way. Therefore, higher ping times are not always a sign of distance.

Quote:

Soo, a T3 user, with a "bad" ping, will STILL be better to download from than the "good" ping 56k user.

Again no.

If the cause of a high ping on a T3 is because of bad hardware or packet loss, then file transfers will be affected as well. I'll take a rock solid 5Kbps from a modem user over a transfer that fluctuates from 0Kbps to 50Kbps intermittantly from a T3 user sitting behind a bad router anyday.