For homography and image alignment, the key metric is the Reprojection Error. This measures how far the points from one image move when transformed to the other image using the estimated homography. A smaller reprojection error means the alignment is more accurate. This metric directly shows how well the model matches points between images, which is the goal of alignment.
Other useful metrics include Inlier Ratio from RANSAC, which tells us how many matched points fit the homography well, indicating robustness.