Yes, it is meaningful, but often ignored for practical reasons. In the lab, e.g. in a desiccator, you would just use a large excess of the desiccant of choice which would always work. It’s often more meaningful to classify them as to whether they are acidic, basic or neutral.
But let’s assume we wanted to create that scale. For simplicity reasons, let’s check a single desiccant first. We need to consider the following equilibrium:
$$\ce{H2O_{(g)} <=> H2O_{(x)}}$$
With (x) again being the water bound to the desiccant in whichever way. (Do not think of this as chemical bonding; it usually is not). It is important to remember that this is an equilibrium with an equilibrium constant k.
$$k_{\mathrm{x}} = \frac{[\ce{H2O_{(x)}}]}{[\ce{H2O_{(g)}}]}$$
One could rearrange this in numerous ways resulting in a representation that essentially says the partial pressure of water in the surrounding atmosphere is more or less proportional to the concentration of water in the desiccant.
$$p_{(\ce{H2O})} \approx c \cdot [\ce{H2O_{(x)}}]$$
Now let’s add a second desiccant into our consideration. The first equation now rearranges itself to the following:
$$\ce{H2O_{(y)} <=> H2O_{(g)} <=> H2O_{(x)}}$$
For each of the two subsystems we again get an equilibrium constant $k$ which we can rearrange to proportionalise the partial pressure to the concentration of water in x or y. $k_{\mathrm{x}} \neq k_{\mathrm{y}}$. There will be one partial pressure of water where both the left side and the right side of the double equation will be at equilibrium; that partial pressure is the final equilibrium that will be reached. This gives us the following conclusions:
Never will the air be completely dry in the presence of (only) a (or two, or a hundred) desiccant(s).
Neither of the two desiccants will fall completely dry again; rather unlike when heating (in an open atmosphere).
Say you start the experiment with the weaker desiccant and then add a dry sample of the stronger desiccant:
- The stronger desiccant will further reduce the vapour pressure;
- The reduced vapour pressure will remove water from the weaker desiccant;
- That water will partly be absorbed by the stronger desiccant
- However neither will the weaker desiccant be completely dried nor will the partial pressure of water in the atmosphere be completely zero.
How dry (or wet) either desiccant will end up/how low the partial pressure of water will end up, depends on the strengths of the desiccants. If you use a very strong and a very weak one, the strong one will absorb much more water than the weak one. If the two are similar in strength, they will absorb similar amounts of water.