I participate in a local critique group and the question came up this time. When is a draft finished?
Stop Nitpicking that Mss: Send it Out
In this case, my advice was for the author to make the changes she felt were right for the story she wanted to tell. Then, don’t bring it back again to the group. It’s written well, and it’s her choice. None of the nit-picky things we were suggesting. At this point, it’s the author’s choices that matter. And later, an editor’s choices that will matter. She’s done.
Could the story be changed? Endlessly.
To what purpose? None.
Send it out.