No, that would just be the percentage of hits blocked regardless of the enemy's roll to hit or the defender's defense/agi/etc. Some additional percentage would be normal misses.
I did find an old dev post on monk vs. warrior vs. knight mitigation that the eq devs used as part of the analysis for the PoP monk nerf, and it looks like that had the parry/riposte/block/dodge chances about half of stock eqemu, so it could be closer to that.
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Jayya - 60 Rogue, Officer <Auld Lang Syne>
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