RE: What exactly is Let Off?
Well 65% let off would give you more speed when shooting your arrow. Some also say that it is easier (more forgiving) to shoot and others like 65% because it creates more instinctive shooting.
80% let off allows you to pull a weight back and hold at full draw longer because you are not holding as much weight back.
Just my two cents it could be wrong but that is what I know and have heard.