To have a "standpoint" means to be able to not only experience the harms of a social or political system, but to recognize the ways in which that system interacts with one's identity. While "lived experience" can be personal and reasonably unreflective, standpoint epistemology is a position of knowing "earned" through intentional analysis.
If I were going to study psychic shit, my money would be on theta providing access to a buffet of non-local information. Like weird, action-at-a-distance, outside of conventional time and space info. This is a different kind of knowledge, and you can’t approach it like regular, daylight, yes-no questions, because it’s not structured that way.