Here are some links for reading regarding bearings and ratings.
I don't recall where I read it at the moment but ABEC rating is an engineering standard that really has little to do with inline skating performance. Not that there isn't a performance difference between the ratings; just that those ratings are not specifically intended to relate to inline skate performance.
Some bookmarks from my inline skate searching last year.
I purchased the '05 K2 VO2 Max long frames with ILQ9 bearings. When my ILQ's go I'm going to try some Bone Swiss as I hear they provide the performance of the ILQ's and the durability of the best ABEC ratings. That was last year though. Who know's what's hot now
🙂.
http://www.minibearings.com.au/hobby/skate.html
http://www.ninjaskate.com/skate_bearings.html
http://inlinenow.com/features/SwissOrAbec.htm
http://www.ilq9.com/
Googling ABEC vs ILQ9 or variations of ABEC and skates dredges up more info that you can shake a mouse at. Note the skate geek forums and peruse. They're just as obsessive about skate products (bearings in particular) as the AT hardware geeks are about their craft.
I do recall Bone Swiss being a popular name tossed around by the speed freaks but then there are those who sternly warn against ceramics in aggressive skates. Then there are ceramics built for aggressive use but they require maintenance which for those who don't intend to disassemble and clean all bearings after each use is a waste of scratch. If $50 per skate to slap in some bearings isn't pocket change for you then just spend some time googling some of the phrases above and read what the skate geeks recommend. Just don't get bearings meant for distance runs or that require regular reassembly and you'll probably be alright.
Cold unloaded spin (spinning the wheel w/skate off) isn't a good measure of how consistent or fast a bearing performs under load. Depending on the grease pack, some bearings perform better once warmed up. A free spin should however be an indication of how smoothly a bearing moves and if you feel or listen closely you can pick up on bearing degradation or debri catching in the movement.
If you're not so involved in your sport that you can't tell the difference in stride if one of your bearings is starting to flake then the difference of ABEC 5, 7 or 9 isn't going to do much more than take more out of your wallet. Most recreational skaters can't tell the difference between them. My brother on the other hand can just about tell w/out looking which bearing in a frame has just picked up a grain of sand. He also includes rebuilding his bearings as part of his skate routine so I wouldn't necessarily use his recommendations on hardware for the casual or skater.