When my son hit the ceiling in many segments of the CTP-4 test, the school provided 2-3 years subject acceleration without us advocating for it. The numbers are a good source of data for the administrators and they can easily evaluate a child's abilities based on the scores. The good thing that happened to DS is that he is now placed with kids who have similar ability, so the pace of the class is in keeping with his learning abilities. Scores at these levels indicate mastery of the material and that the child can handle content that is more challenging. To provide you with a reference, these are very good scores even among gifted kids as mentioned by PP.
So, bring up acceleration or grade skip at your meeting if they don't suggest them on their own. Listen to their recommendations even if you have not considered these options yet.
