…? Actually, it has exactly the same effect as the smallpox vaccine. It vaccinated, aka immunised. What are you on about?
I guess what is commonly called sterilizing immunity. Immunity which is so effective that the illness doesn't occur and which makes it impossible to infect others.
[0] https://en.wikipedia.org/wiki/Marek%27s_disease#Prevention
Vaccines vary in effectiveness. Both the extent of immunity they confer and how long those effects last. A vaccine that's less effective than we might like is still a vaccine. I don't think arguments over what should officially constitute "immunity" are very interesting or insightful - it's a meaningless line in the sand. Ask instead about (relative to the unvaccinated) incidence of death, incidence of permanent effects, severity of symptoms, rate of hospitalization, rate of spread to others, and similar.