My DPR / my attackers' DPR. Best computed as a party metric.
Quick example: if I'm a fifth level DX 18 fighter with Sharpshooter, a rapier/shield, archery style, and a longbow, I can be either AC 18 doing 10.4 damage to an AC 14 minotaur per turn, or AC 20 doing 6.18 points of damage. For simplicity, let's say I have two identical CH 18 AC 13 warlock buddies who can each do 8.8 damage per round to a minotaur using Eldritch Blast + Hex from range, or 5.9 from melee due to disadvantage. (I have scripts to calculate these values, if you want them.)
There are six possible configurations if we ignore minotaur charge (assume I know about charges and I'm savvy enough to prevent it from happening):
Minotaur attacks me (AC 20 rapier and shield): I take 6.6 DPR, we inflict 6.18 + 8.8 + 8.8 DPR, loss ratio is .27.
Minotaur attacks me (AC 20 rapier and shield), using Reckless attack: I take 11.09 DPR, we inflict 8.17 + 11.7 + 11.7 DPR, loss ratio is .35.
Minotaur attacks me (AC 18 configuration): I take 8.3 DPR, we inflict 5.61 (bow at disadvantage) + 8.8 + 8.8 DPR, loss ratio is .36.
Minotaur attacks me (AC 18 configuration), using Reckless attack: I take 13.13 DPR, we inflict 10.4 + 11.7 + 11.7 DPR, loss ratio is .39.
Minotaur attacks warlock: Warlock takes 12.55 DPR, we inflict 10.4 (using my bow) + 8.8 + 5.9 (warlock at melee disadv) DPR, loss ratio is 0.5.
Minotaur attacks warlock, using Reckless attack: Warlock takes 16.74 DPR, we inflict 15.2 (using my bow) + 11.7 (warlock at adv) + 8.8 DPR 0.47.
Conclusions:
1.) It is advantageous for me to put away my bow and engage the minotaur in melee instead of letting the warlock do it, even though that prevents me from benefitting from Sharpshooter.
2.) It doesn't make sense to Legolas in this situation even if the Minotaur is using Reckless Attack, because while my damage goes up, so does my damage taken, and my loss ratio suffers.
3.) The minotaur should use Reckless attack against me. Against the warlocks it's better not to go Reckless.
4.) Eyeballing the numbers above, I should probably dodge instead of attacking with my rapier. (Checking the numbers, I find that Dodging gives a loss ratio of 0.12 if the minotaur attacks normally, or 0.28 if it uses Reckless attack, so Dodging helps a little but not that much.)
Of course the best loss ratio is infinite: at range, we inflict 28 points of damage per round and take 0 DPR in return. But if I can't arrange that, I should put down my bow and front-line it with my rapier.
Hope that helps,
Max