The problem of quantum simulation can be formulated as follows:
Given a Hamiltonian $H$ ( $2^n \times 2^n$ hermitian matrix acting on $n$ qubits), a time $t$ and maximum simulation error $\epsilon$, the goal is to find an algorithm that approximates $U$ such that $ || U - e^{-iHt}|| \leq \epsilon $, where $ e^{-iHt}$ is the ideal evolution and $|| \cdot ||$ is the spectral norm.
I was wondering, how can you compare the result of your algorithm with an ideal evolution? It would make sense, if this ideal evolution could be calculated analytically, but I think it's rarely the case. This $e^{-iHt}$ could be also given by an oracle, but in a real world scenario we just cannot use such an approach.
So, how can you actually compare the result of your approach with something, that cannot be efficiently obtained (in fact, if it could be obtained efficiently, then the whole idea of designing other algorithm to approximate this result doesn't make sense anymore).