High Q peak in frequency response means what in time domain?
Q is (among other definitions) the voltage gain at resonance, and a voltage gain of 7 times is $$20 * \log(7) = 16.9dB$$ which seems close enough as your cursor is clearly not actually on resonance (phase would be -90 not -93). So dB of resonant gain is trivially converted to or from Q.

Q gives you risetime and whether the circuit is over/under or critically damped in the time domain, as well as how well damped the ringing in an under damped circuit is.