For judging durability, the FE/TE-Test gives you an indication on the mechanical quality of a disc (flatness and if the writing area is properly 'centered'). This not only allows a prdiction how well a media will burn but also if there are potential problems concernign future readback.
The other tests (PI/PO, Beta/Jitter) show the current state of media. Performing these in time intervals allows to check for any changes in the long term stability of media.
Unfortunately that cannot be concluded from such tests. While media with better results can be seen as more future proof, because they have more 'reserves' when they start to decay, a low(er) error count in early days does not necessarily indicate a slower decay rate. There have been shown media that produced very nice error rates at the beginning but became unreadable after a few weeks or months.
So basically there is no test that really allows you to judge the long term durability in advance for certain. Long term durability is also determined by the dye used and if the media have been properly produced and stored (glue used, lacquer applied, etc.). You can partially check such things by visually inspecting the media. You'll find more information about this in the blank media forum (http://club.cdfreaks.com/forumdisplay.php?f=33)
I've never had problems with media from well known brands (Yuden, Verbatim, Sony, TDK, ...). So far the extra price over cheap reselling brands that buy and label just about anything paid off for me.