Canticle, your thought experiment is correct but incomplete in so far as what we're talking about. In order to make it complete you should identify your reference frame as non-inertial and then repeat the experiment using an inertial reference frame.
Edit1
I noticed something a little different in your thought experiment. You said: "No matter what the
'share' of mass between them the total acceleration is the same". Thus far we have not talked about redistribution of mass between the two objects. In this case the relative acceleration A = G * (M1 + M2) / r
2 in the non-inertial frame will always be the same, as you stated. But the individual accelerations of the two objects in the inertial frame will change.
sylas said:
If you repeat the experiment with different balls, you are effectively using the other ball as part of the mass of the Earth!
That is correct. It is the combined mass that determines the
relative acceleration of the two bodies
toward each other. And that's the reason for (M1+M2) in the equation A = G(M1+M2)/r
2 for the non-inertial frame. So regardless of which object (M1 or M2) you are observing from, the mass of the other object WILL affect the observed acceleration. However, if you are an observer in an inertial reference frame you will see M1 and M2 accelerating at different rates. M1 will accelerate at A1 = G * M2 / r
2 and M2 will accelerate at A2 = G * M1 / r
2. It's really a very simple thing. It's just that we're describing the same thing from two different points of view. If you are located on M1 or M2 then you are accelerating, and so your reference frame is non-inertial.
In short, for the acceleration of an object(M2) who's mass is variable, in Earth(M1) free-fall:
A = G * M1 / r
2
This is the inertial reference frame. The mass of the falling object(M2) does NOT affect the acceleration because of the equivalence principle.
A = G * (M1 + M2) / r
2
This is the non-inertial reference frame. The mass of the falling object(M2) DOES affect the
relative acceleration because we are located on Earth(M1) which would include our own acceleration toward the object. This is not to say that the equivalence principle is being violated because the equivalence principle is only valid in an inertial reference frame.