I hear a lot of PBN links can boost the rank, but I always wonder how it works.
you place the link to your site, on the
homepage of another website and that link gets most of the power that the homepage has (which is usually a lot of it since the homepages of sites tend to have more authority than the other pages)
1- How different are they from Guest Post?
guest posts are content (blog posts usually, or - in the case of news sites - news articles) that has its own unique URL, which is always different from the URL of the homepage...
2- How do they boost the search rank?
not sure how to answer this one to be honest, but hopefully you can see why getting a lot of strong votes from other websites (which is basically what authority is) can boost your rankings
3- Why and when does it become risky?
it becomes risky because it can influence google rankings and google doesn't like it
And it becomes risky when google can figure out that your links are purchased / built by yourself instead of being received naturally, by other people linking to your site because they genuinely find your content useful or relevant.
If you manage to keep google never figure out that you're building links you'll be able to get away with the robbery (rankings in this case), which is what SEO in general, and link building in particular is all about
4- What are the metrics that tell that the PBN is powerful or among the best?
- it has good authority (DR)
- it ranks in google and gets google traffic (therefore google trusts it, therefore the link juice / authority you get from this PBN is valuable / powerful)
- it's a real website (doesn't have artificially inflated DR just so it can sell "high authority" links to newbies that can't tell real DR from fake DR)
- in general, it's a real website
To the last point, yes, every website that exists can - technically - be considered a PBN site if you manage to get a link from that website's homepage (imagine having a backlink from the homepage of Forbes, Sony, Cosmopolitan, Amazon, NBC, etc... then you would have stuck gold indeed and such backlinks would probably keep you ranked #1 for every keyword for your entire life and for the life of google.... hypothetically speaking)
But anyway, in reality, a PBN is just a network of sites that you own (hence the PBN, or Private Blog Network) and which you can get backlinks from at the push of a button... at least that's how it worked initially when PBN was first invented. But nowadays, newbies call everything a PBN because they can't make the difference between Private and Public Blog Networks, or between PBNs and guest posts, or PBNs and web 2.0s, etc...