Alpesh Not really, in fact it is more confusing than it needs to be.
A ratio is a ratio.
A time is a time,
They largely overlap, but are not interlocking.
Pull a tasty & balance 1:3 shot, then pull a 1:1 shot in the same time. You won’t have just changed the ratio, you absolutely will have changed the extraction.
Usually when discussing coffee & brew ratio it is assumed you’re just changing the strength at a good flavour balance, not skewing the taste with abnormal extractions.
Not that certain regions of low extraction aren’t enjoyable, they are, but then you don’t need to worry about time at all, just grind & ratio.