viriya
International Captain
If Mendis had caught that sitter he would've gotten 20% of the value of a great catch since it's regulation. He dropped it though so he gets -100% instead.It has nothing to do with being a good fielder though. Mendis catching a sitter from Anderson shouldn't contribute to him being a good fielder, but dropping it should affect his rating negatively because it's an unexpected event (sort of like information theory I guess). At best you can say that the catch of a good batsmen is influential in the context of the game, but you shouldn't extrapolate this to an individual's general fielding ability.
You can't objectively know the difficulty of the chance without watching the matches. How do you know if a tough chance was made tough only because the fielder was good (or bad) enough to make it one in the first place? What is the average ratio of "tough" to "easy" chances, and is this ratio related to the ranking? One of the problems you have from a statistical perspective is trying to wedge in every variable you have. Simplicity and understandability is far more important.
You can't completely objectively know anything in fielding if you wanna go that route. I'm relying on someone else who has enough cricket knowledge to evaluate the catch, and from my experience gets it right most of the time based on my years of following the commentaries and watching the game live at the same time.