Abstract-Modern receivers are providing soft decision symbol synchronization as radio links are challenged to push more data and more overhead through noisier channels, and softwaredefined radios use error-correction techniques that approach Shannon's theoretical limit of performance.The authors describe the benefit of closed-loop measurements for a receiver when paired with a counterpart transmitter and representative channel conditions. We also describe a real-time Soft Decision Analyzer (SDA) implementation for closed-loop measurements on single-or dual-(orthogonal) channel serial data communication links. The analyzer has been used to identify, quantify, and prioritize contributors to implementation loss in real-time during the development of software defined radios.