[eggie]

The per base error rate is bad. In the case of pacbio, this error process approximates white noise, and so you can deal with it perfectly by increasing read coverage. Things are somewhat complicated with the nanopore tech described in this post, as errors may be correlated due to the way the basecalling is done, but in practice it's nearly as big a problem as you think it is.

For things approaching a read length the per-base error rate of a single read is simply irrelevant. In practice, with sufficient coverage (e.g. 20x) you simply don't care about the per base error rate of the reads.

[comstock]

That might be the case if the throughput wasn’t so low and the error rate wasn’t so high.