For coastal navigation it was pretty accurate, or at least as accurate as the military would allow.
The military did not control LORAN. The LORAN system was maintained by the Coast Guard and was strictly a coastal navigation system. In the northeast where LORAN chains crossed at near right angles, accuracy was very good to excellent. Accuracy with LORAN had more to do with the receiver and the operators ability to use it then equipment.
GPS - just about anybody can use it proficiently.
A to military control, that was early GPS with "selective availability". The DOD had the ability to skew the satellite signals. This gave a typical accuracy of around 300' or more.
We first had issues with selective availability (SA) with the first Gulf war.
This was countered with coastal stations broadcasting a "correction" which a "differential" capable receiver could use to correct the GPS error down to 7-10' with better units (Northstar marine GPS).