If you're talking about potential to achieve world-class level in triathlon, then VO2Max is a good way to start measuring your potential. Based on a VO2Max test, an experienced coach or exercise physiologist can determine whether your potential is good for endurance sports, based on age-based progression charts.
But VO2Max is not everything. Some other physiological variables are also important. Also there are some antropometric characteristics that might limit make you more adapted to the physical efforts specific to triathlon racing, such as height, weight, arm span to height ratio and more. And lastly, specific phsycological characteristics are necessary to be a sucessful world-class athlete.
Paulo
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