Lots of good points made here ... just wanted to add two things
1) Another way of measuring how good a jockey is by expressing how much better than expected he does with his mounts. In Hong Kong, UK, Ireland, etc you can just compare his or her speed/performance ratings with the official ratings. You could then conclude that (hypothetical example) Ryan Moore is worth an extra 2lbs.
2) In my experience it is crucial to calculate jockey ability over different surfaces/distances. For example .... some jocks are fine on the dirt but completely useless on the turf. Some otherwise moderate jocks seem to be much better over 5F than their overall stats would suggest.
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