It's a combination of what is said above.
Quoted directly from PES5 guide it is:
'How reliably a player can perform his duties. The lower his Consistency, the more likely he is to make a poor pass, misdirect a header, or send a shot into row Z. There are some remarkably mercurial players in PES5; individuals with low consistency who can follow a moment of sublime genius with an almost comical error. Whether you play them or not is entirely at your discretion but there are times when a less gifted but more trustworthy player might be a better choice...'
Quoted directly from PES5 guide it is:
'How reliably a player can perform his duties. The lower his Consistency, the more likely he is to make a poor pass, misdirect a header, or send a shot into row Z. There are some remarkably mercurial players in PES5; individuals with low consistency who can follow a moment of sublime genius with an almost comical error. Whether you play them or not is entirely at your discretion but there are times when a less gifted but more trustworthy player might be a better choice...'