Start from what you are trying to know — whether a vial contains what the label claims — and purity does not answer that question.
Water content and counter-ion content are part of the gross mass but not part of the content assay result, which is why the two do not sum to label claim.
Stated carefully, the purity of the reference standard is stated on its certificate, and your content figure is only as good as that purity certificate is.
Where content data have been published from testing services on common peptides, the spread between services on identical material is typically a few per cent.
Worth noting that the standard certificate carries its own uncertainty, usually on the order of two to three per cent, which the sample result inherits.
The practical summary: if you are ordering from a new supplier, budget for content assay on the first lot.