This might seem a little ambiguous if you are a beginner to lawn care, but higher ratios can mean better in the right context.... It depends on the job in hand. You wouldn't compare the boot space of an F1 car, with your 5-seater family car that you collect the kids and shopping in. They have different jobs.
As an example, if you are laying new turf or sowing new seed, you'll want a fertiliser that is high in phosphorus to encourage strong root growth to get the grass plant and not unsustainably top-load the grass plant by asking it to grow in height.
A good lawn care programme utilises lawn feeds with different NPK values at different times of year, to provide the grass with what it needs, when it needs it. For example, Mowd's Summer lawn feed "Feels Like Summer" has an NPK of 12-3-9 +Mg +Fe. The High potassium helps the grass utilise water better in the dry summers, whilst providing a deep green sward from the addition of iron.
This image shows the direct comparison of Mowd's Equinox Spring & Autumn Fertiliser, Miracle-Gro Complete 4in1 and Westlands Aftercut NPK values.