Rangeability
Rangeability is a characteristic of the valve body only and applies only to equal percentage valves. The term has no meaning with regard to linear valves. Rangeability is defined as the ratio of maximum controllable flow to minimum controllable flow at a constant pressure drop. It is a relative term used to compare the control quality of any two valves. A rangeability of 100:1 tells us that the valve does "as good a job" of controlling when flow is 100 times the minimum controllable flow as it does at the minimum controllable flow. "As good a job" means that the flow follows the equal percentage curve plus or minus a 10% tolerance. The ratio gives us the minimum flow rate at which a valve's flow control remains on the equal percentage curve. For example, a valve with 100:1 rangeability and a Cv of 10 tells us that, at 1 PSI pressure drop across the valve, the minimum flow through the valve that still follows the equal percentage curve within 10% tolerance is 0.1 GPM. Below 0.1 GPM, the valve will still control, flow just won't follow the equal percentage curve.
Ball valves have an extremely high rangeability. The reason for this is the low end of their equal percentage flow curve very nearly approaches zero before flow leaves the curve. Therefore, it makes the rangeability appear very high since it represents the maximum controllable flow versus a very small minimum controllable flow. However, don't forget that all this means is that a ball valve can keep flow on the equal percentage curve at extremely low flow rates. This is unimportant unless you have vastly oversized the valve. Also, it is important to note that since the flow follows the equal percentage curve so precisely at the low end, a ball valve may have to rotate quite a bit (perhaps up to 10-20%) before flow changes even become noticeable. This may limit the effectiveness of the attached actuator.
Rangeability has nothing to do with the number of discrete flow control positions a valve can produce. This is a function of an actuator's resolution...