Black-box LLM distillation is usually evaluated as an output-matching problem: a student is considered successful when its responses are semantically similar to, or task-consistent with, those of a teacher. However, output similarity does not imply that the student is behaviorally indistinguishable from the model it imitates. We introduce bounded behavioral indistinguishability, formalized as $(ε,q,t,\mathbb{A})$-behavioral indistinguishability over an explicit prompt distribution, where $ε$ bounds distinguishing advantage, $q$ bounds oracle queries, $t$ bounds computation, and $\mathbb{A}$ denotes the adversary class. We instantiate this notion on Qwen and Llama teacher-student pairs using a controlled $5,000$-prompt behavioral probe suite. For each family, we compare the teacher with both the base student and the LoRA-distilled student, measuring whether distillation reduces distinguishability rather than merely improving similarity. LoRA raises semantic similarity from $0.788$ to $0.862$ for Qwen and from $0.814$ to $0.874$ for Llama. Yet adversarial evaluation reveals remaining behavioral differences: learned discriminators retain nonzero advantage, and pairwise category analysis shows artifacts concentrated in style/format, robustness, and domain-technical prompts. A pairwise teacher-identification adversary confirms this trend. With a different-family Llama judge and A/B-swap consistency filtering, Qwen distinguishing advantage drops from $0.158$ for the base student to $0.081$ after LoRA distillation. Query-budget experiments show that disagreement-guided acquisition does not consistently outperform stratified random sampling, indicating that coverage and diversity remain strong baselines. Our results show that semantic fidelity is useful but insufficient: black-box LLM distillation requires bounded, adversarial, and category-aware evaluation.