I did some crude calculations, and .015 average points does equal about 85 extra hits over a 5,700 at bat season, as Bripat pointed out. I looked at the average hitting stats in my leagues for the past few seasons, and teams tend to average about 1.89 hits per run. So 85 hits translates to around 45 extra runs in a season, or .28 ERA points over 1,450 innings pitched.
Again, this was a very crude calculation of a non-random sample, but it does seem significant. If there is a .015 opposing average difference between, say a 50pc catcher and a 80 PC catcher, that comes out to around .09-.10 ERA points per 10 points of PC, which is close to the calculation of .12 that Miket23 came up with.