Let's say a spaceship moves away from you at the 0.8 speed of light. Time slows down by the factor of
1 /sqrt(1 - 0.8^2)=5/3. Let's say you have a very powerful telescope and are able to see the clock on the spaceship very far away. After 1 year what time would you see on the spaceship? 3/5 year? Not really, the clock actually shows sqrt((1 + 0.8)/(1 - 0.8) = 1/3 year, this is because of relativistic doppler effect and the fact that it takes some time for light to travel back at you. If after 1 year ship turns away and travels towards you with velocity of 0.8c, for some time (not 1 year) through the telescope you would see the clock running 3 times faster than your own clock. The combination of both seeing time running slower and seeing time running faster gives 5/3 ratio when the ship travels back to where it started. When you say a word "see" you have to include doppler effect. Classical doppler effect * relativistic time dilation = relativistic doppler effect.
Escape velocity on the surface of the Earth is 11186 m/s, time on Earth ticks slower in the gravity well for an observer far far away by 1 /sqrt(1 - (11186 m/s/c)^2) = 1.0000000007 times slower.
Let's say you're are in flat spacetime and someone is moving 11186 m/s away from you:
1 /sqrt(1 - (11186 m/s/c)^2) = 1.0000000007 times slower
The ratio is the same.
Both observers see proper time slowing down, and both observers see time speeding up when traveling towards each other when looking thru telescope.