I am working on a project to improve the performance of my sites web pages and by removing render blocking CSS and JS have halved the DOMContentLoaded time of some critical pages but have not reduced the overall load time by anything substantial. I am measuring these times on the Network tab of Google Chrome Dev Tools.
My question is: does Google value the time to meaningful content (DOM time) more than overall load time and should I expect to see a ranking boost from improving the performance by 100%?
Or, as my overall load time has not decreased much will I not see much of a result as Google's algorithm weighs this more?