Public automatic speech recognition (ASR) benchmarks increasingly report low sequence error rates, yet production systems still use hotword lists, contextual biasing, retrieval, and post-correction. This motivates a complementary question: does a transcript preserve selected names, products, technical terms, versions, and relational phrases? We present KeyASRBench, a bilingual pilot that operationalizes occurrence-based Keyword Error Rate (KER) over frozen whole-phrase annotations. The 10-hour model-conditioned challenge set contains 1,501 Chinese and English clips with 4,723 keyword occurrences. Across five locally inferred checkpoints and two official API systems, language-specific MER/WER ranges from 5.31% to 12.91%, while KER ranges from 13.61% to 33.81%. A disjoint 30-minute model-blind control yields KER of 10.65%-27.31%. The control confirms that selected-phrase errors extend beyond challenge-set selection.

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