TBN is a good indicator of oil condition but the other metals play a part in that higher than normal wear metals (FE,CR,PB,CU) may mean a problem that is starting.
Also the metal will show a bad air filter (SI) or anti freeze leakage (NA,BR,MO)
Insolubles will show sludge formation
Oxidation or nitration numbers will also show potential sludge and varnish precursors.
Viscosity will show oil breakdown as in shearing to lower vis grade or fuel dilution or even with high soot or oxidation it will show oil thickening
basicly any change from the new oil profile can be noted and when something is out of range its time for a oil change out or some engine maintnence.
That is why I like also a baseline VOA of the exact oil used since ALL published specs are a "typical or average" data point and
most likley are not the exact PPM numbers in your current oil from the bottle. Sometimes silicone AF maybe used in Motor oils and the amount does vary from batch to batch if you have a batch with a "high" number the UOA will flag SI and say you have a air filter leak when you do not.
As a basic bench mark to oil changes TBN retention is as good as any mark to make a change out decision I like TBN to retain at least 20% of new before a change out.
bruce