I'm not sure I fully understand the question, but I'll try to answer it. Bear with me if I'm repeating stuff you already know. FEV1 stands for Forced Expiratory Volume in the first second of blowing out as hard as you can. In other words, the maximum amount of air you can blow out in 1 second. There is the *actual* amount of air you blow out, and there is the *predicted*.
actual - the volume of air they measure you blowing out:
predicted - is their best guess of what a healthy person your sex, height, weight and age would blow out.
Scenario:
actual - So you go in and do your huffing and puffing: you blow out 3.0 liters.
predicted - They look up in the tables and find their best guess of what a healthy person (your age, sex, height and weight) would blow is 4.0 liters
Your percent predicted would be 75%.
If you're monitoring your own lung capacity and are fully grown, then actual FEV1 volume could be a reasonable metric to use in the short term. But even healthy folks lose lung function as they get older. The key is to measure CHANGE in lung function. If at visit 1 you're at 75% predicted and at visit 10 you're still at 75% predicted, this is great news. However, if at visit 1 you're at 125% predicted and at visit 10 you're at 100% predicted, this is bad news. So, in short, you want to look for change in your "% predicted". You are your own yardstick.
Whether you go by change in absolute volume, or change in % predicted probably doesn't matter all that much provided you're fully grown. However, over a long period of time % predicted is a better value to use. Even healthy people see a decline in lung function as they age (30 and older). IF you're still growing, then definitely percent predicted is the better metric to use.
I hope that helps. Lemme know if I confused you!