The generally recognized grading scale was established by Goldmine and a complete version of it can be found at the link below. According to that scale a grade of VG+ for the vinyl, as opposed to the cover, would meet your listening criteria. However, my experience in buying many records in auctions is that most records which are graded VG+ by sellers in fact are overgraded and do have playback issues. There even are many sellers out there, including some with great feedback records, who grade records as mint- or near mint which still have audible problems. The bottom line is that you have to know your seller in order to know what you are getting. The only caveat to that is that the risk is a bit lower for 80's/90's pressings of common records.
http://www.recordcollectorsguild.org/modules.php?op=modload&name=Sections&file=index&req=viewarticle&artid=17&page=1
http://www.recordcollectorsguild.org/modules.php?op=modload&name=Sections&file=index&req=viewarticle&artid=17&page=1