Took me one entire hour of experimentation, but I think I figured out the Threshold and Ratio settings, more specifically what the numeric values actually mean.
Basically I fed all sorts of materials into the compressor at different levels, and tweeked many parameter combinations, and analyzed the signal levels with Insight 2. I think I might have found out something really interesting: each THRS value equals to basically half a dB in gain, all the way from 127 down to the noise floor. A THRS of 107 is roughly a threshold of -10dBFS, and 87 a -20dBFS.
More importantly, the RAT value seems to represent a percentage (out of 128) of total gain reduction! An RAT of 64 reduced the level over the threshold to 50% AT ALL TIME, which is equivalent to a ratio of 1: 2. Similarly, an RAT of 111 reduced the level over the threshold to about 1/8 and 114 to 1/10, meaning that the effective ratios are 1: 8 and 1: 10 respectively.
I tried to google this but could not find anyone else mentioning it.
Hopefully my findings are correct and can be of help to you.