Feeble Wonk said:
the ontological relationship of the state vector, reduced state vector, density matrix, etc.
In my view, state vectors are abstract mathematical tools, relevant in practice only for systems with few discrete degrees of freedom (such as spins, energy levels, or polarizations) that can be prepared in a pure state, and where all other degrees of freedom are projected out. Thus they have no ontological status in the physical world but are useful as abbreviated descriptions of these particular systems.
The typical state of a system realized in Nature is given by a density matrix. A density matrix is well-behaved under restriction to a subsystem, and hence can be used to describe systems of any size. In particular, it is consistent to consider each density matrix of a system in our universe as a restriction of the density matrix of the universe.
I postulate that the latter (described by a quantum field theory that we don't know yet in detail) is objectively existent in the sense of realism, and objectively determines the density of everything in the universe, and hence in any part of it. As a consequence, the density matrix of any subsystem that can be objectively delineated from the rest of the universe is also objective (though its dynamics is partially uncertain and hence stochastic, since the coupling to the environment - the remaining universe - is ignored).
On the other hand, our human approximations to these density matrices are subjective since they depend on how much we know (or postulate) about the system. They are only as good as the extent to which they approximate the true, objective density matrix of the system.
For example, a cup of water left alone is after a while in a state approximately described by a density matrix of the form discussed in statistical thermodynamics. This has the advantage that the density matrix can be described by a few parameters only. This suffices to determine its macroscopic properties, and hence is used in practice although the true density matrix is slightly different and would account for tiny, practically irrelevant deviations from thermodynamics.
The more detailed a state description is the more parameters are needed to describe it since a quantum field has infinitely many degrees of freedom in any extended region of space. For more, read Chapter 10 of my book linked to in post #2.