I don't think I've fully understood what you wrote even after reading it several times.

The 1176 has a soft-knee characteristic, and the 'fixed' (non-adjustable) threshold value actually varies with the compression ratio. The graph below shows the measurements from an original hardware 1176.

(It looks like the results were achieved using a fixed amount of make-up gain of around +20dB).
You can see that as the ratio increases, the point at which compression starts to affect the signal also increases and the 'knee' becomes harder. I wasn't aware of this until just now, but it was certainly a feature of the first Urei 1176 units. Later versions may have slightly different characteristics.
So the 1176 is far from a textbook compressor, where the threshold stays as set as the ratio is increased.
We then come to how your particular software emulation of the 1176 has been implemented. The software designer may have decided to alter the knee characteristics or cut-in points so that start at the same point. Or they may have added a look-ahead function which looks further ahead as the ratio is increased, so that it performs better as a limiter at stopping big transients.
One 1176 emulation could act quite differently to another one depending on how it's been coded or how the hardware model they were using differed from other models or how it was internally calibrated).
So without doing a full test on the software 1176 you have, using a tone generator and increasing the output in 0.1dB steps and mapping the output level for different compression ratios, you just won't know exactly how the compressor behaves. In theory (according to that chart), a 4:1 setting should certainly cut in at a lower threshold than at 8:1, so a signal that just starts compression at 4:1 shouldn't cause any compression at an 8:1 setting.
So, like a lot of answers on this forum ' it depends'.
