The ratio of the average tangential shear signal of different weak lensing source populations around the same lens galaxies, also known as a shear ratio, provides an important test of lensing systematics and a potential source of cosmological information. In this paper we measure shear ratios of three current weak lensing surveys –KiDS, DES, and HSC– using overlapping data from the Baryon Oscillation Spectroscopic Survey. We apply a Bayesian method to reduce bias in shear ratio measurement, and assess the degree to which shear ratio information improves the determination of important astrophysical parameters describing the source redshift distributions and intrinsic galaxy alignments, as well as cosmological parameters, in comparison with cosmic shear and full 3x2-pt correlations (cosmic shear, galaxy-galaxy lensing, and galaxy clustering). We consider both Fisher matrix forecasts, as well as full likelihood analyses of the data. We find that the addition of shear ratio information to cosmic shear allows the mean redshifts of the source samples and intrinsic alignment parameters to be determined significantly more accurately. Although the additional constraining power enabled by the shear ratio is less than that obtained by introducing an accurate prior in the mean source redshift using photometric redshift calibration, the shear ratio allows for a useful cross-check. The inclusion of shear ratio data consistently benefits the determination of cosmological parameters such as S_8, for which we obtain improvements up to 34%. However these improvements are less significant when shear ratio is combined with the full 3x2-pt correlations. We conclude that shear ratio tests will remain a useful source of cosmological information and cross-checks for lensing systematics, whose application will be further enhanced by upcoming datasets such as the Dark Energy Spectroscopic Instrument.