Is it possible to rewrite fractions of the form $\frac{a_0 + a_1 + \dots + a_N}{b_0 + b_1 + \cdots + b_N}$ in terms of $\frac{a_0}{b_0}, \frac{a_1}{b_1},\ldots, \frac{a_N}{b_N}$?
under which circumstances is it possible to do so, and what portion of the expression cannot be reduced in such terms?
Great question. Suppose
$$\frac{a_0+a_1+\cdots+a_N}{b_0+b_1+\cdots+b_N}=n_0\frac{a_0}{b_0}+n_1 \frac{a_1}{b_1}+\cdots+n_N \frac{a_N}{b_N} \tag 1$$ For $n_0, n_1,\ldots,n_N$ in the reals.
Then certainly:
$$\frac{a_0+a_1+\cdots+a_N}{b_0+b_1+\cdots+b_N - Nx} = n_0\frac{a_0}{b_0-x} + n_1\frac{a_1}{b_1-x}+\cdots+n_N \frac{a_N}{b_N-x} \tag 2$$
For all $x \notin \left \{ b_0, b_1,\ldots,b_N \right \}$.
To find $n_i$ for given $i \in \left \{ 1, 2,\ldots,N \right \}$, multiply by $b_i-x$ and evaluate at $x=b_i$. If, for any choice of $i$, $x=b_{i}$ is not a root of the denominator of the L.H.S. in (2), we would have: $0=n_i a_i \Rightarrow n_i=0$. This would be impossible, since the L.H.S. in (1) would then contain $a_i$ where the R.H.S. would not, and the equality (1) would clearly not hold for all choices of $a_i$.
Therefore $b_i-x$ must be a factor of $b_0+b_1+\cdots+b_N-Nx$ for all $i \in \left \{ 1, 2,\ldots,N \right \}$. Since $b_0+b_1+\cdots+b_N-Nx$ is first order, it has only one root. It follows $b_i-x=b_j-x$ for all choices of $i$ and $j$. This forces $b_0=b_1=\cdots=b_N$, in which case $n_0=n_1=\cdots=n_N=\frac{1}{N}$.
So it's not possible, except in the trivial case that $b_i=b_0$ and $a_i=\frac{1}{N}$ for all $i$.
EDIT: I see I've answered the wrong question. So instead, suppose I start with a function $$\frac{a_{1}+a_{2}+...+a_{n}}{b_{1}+b_{2}+...+b_{n}}= f\left (\frac{a_{1}}{b_{1}},...,\frac{a_{n}}{b_{n}} \right )$$
Then, by letting $(a_{i}, b_{i}) \rightarrow (\frac{1}{a_{i}}, \frac{1}{b_{i}})$ for all $i$, we get:
$$\frac{\frac{1}{a_{1}}+\frac{1}{a_{2}}+...+\frac{1}{a_{n}}}{\frac{1}{b_{1}}+\frac{1}{b_{2}}+...+\frac{1}{b_{n}}} = \frac{b_{1}+b_{2}+...+b_{n}}{a_{1}+a_{2}+...+a_{n}}$$
Clearly not true for all choices of $a_{i}$ and $b_{i}$. One sufficient condition to prevent this is for $\frac{a_{i}}{b_{i}}$ to be constant, as already mentioned.