Froth flotation predominantly separates particles according to their differences in wettability. However, other particle properties such as size, shape or density significantly influence the separation outcome as well. Froth flotation is most efficient for particles within a size range of about 20–200 μm, but challenges arise for very fine or coarse particles that are accompanied by low recoveries and poor selectivity. While the impact of particle size on the separation behavior in flotation is well known by now, the effect of particle shape is less studied and varies based on the investigated zone (suspension or froth) and separation apparatus used. Beyond these complexities, many particle properties are correlated, making it challenging to analyze the isolated impact of individual properties on the separation behavior. Therefore, a multidimensional perspective on the separation process, considering multiple particle properties, enhances the understanding of their collective influence. In this paper, the two-dimensional case is studied; i.e., a parametric modeling approach is applied to determine bivariate Tromp functions from scanning electron microscopy-based image data of the feed and the separated fractions. With these functions it is possible to characterize the separation behavior of particle systems. Using a model system of ultrafine (<10 μm) particles, consisting of either glass spheres or glass fragments with different wettability states as the floatable fraction and magnetite as the non-floatable fraction, allows for the investigation of the influence of descriptor vectors consisting of size, shape and wettability, on the separation. In this way, the present paper contributes to a better understanding of the complex interplay between certain descriptor vectors for the case of ultrafine particles. Furthermore, it demonstrates the benefits of using multivariate Tromp functions for evaluating separation processes and points out the limitations of SEM-based image measurements by means of mineral liberation analysis (MLA) for the studied particle size fraction.