I will present the formulas, diagrams, and interpretation of time-dilation and length-contraction in a less ambiguous notation. (Prime and unprimed notations often lead to confusions.)
At the end,
I will attempt to repeat your calculation that cancels the $\gamma$-factor,
and demonstrate an error in your physical interpretation.
I use a spacetime diagram on rotated graph paper so that we can immediately read off the ticks along segments. (The "clock diamonds" are generated by the spacetime paths of light-signals in a light-clock. By Lorentz invariance, the area of all clock diamonds are equal.)
We draw $\color{red}{\mbox{Alice's (RED)}}$ spacetime diagram ,
where $\color{blue}{\mbox{Bob (BLUE)}}$ moves inertially with $(v/c)=6/10$.
Time dilation involves Minkowski-right triangle OTQ,
measuring the adjacent-component OT of the timelike-displacement hypotenuse-OQ.
Length contraction involves Minkowski-right triangle OLD,
measuring the spacelike hypotenuse OD (the apparent length of Bob's ladder),
where OL is the "distance between parallel lines" (the proper length of the Bob's ladder),
which is the adjacent side of triangle OLD, which is Minkowski-perpendicular to DL along the worldline of the front of Bob's ladder.
(These triangles are numerically similar. One involves the rapidity (the Minkowski-angle between two timelike lines) and the other involves the Minkowski-angle between two spacelike-lines, which are Minkowski-orthogonal to the timelike lines. All of these vectors are coplanar.)
(For the relative velocity $(v/c)=\displaystyle\frac{(6)}{(10)}$,
we have
$\gamma=\displaystyle\frac{1}{\sqrt{1-(v/c)^2}}=\frac{(5)}{(4)}$.)
Here is Time Dilation:
$$\gamma=\frac{(adj)}{(hyp)}=\frac{OT}{OQ}$$
so
$$
\begin{align}
(OT) &=\gamma(OQ)\\
\large\Delta t^A_{OT} &\large =\gamma\ \Delta t^B_{OQ}\\
\left(
\begin{array}{c}
\mbox{duration of $OQ$}\\
\mbox{according to Alice}
\end{array}
\right)
&= \gamma
\left(
\begin{array}{c}
\mbox{duration of $OQ$}\\
\mbox{according to Bob}
\end{array}
\right)\\
\Large \Delta t^A_{OQ} &\Large =\ \gamma\ \Delta t^B_{OQ}\\
(10) & \stackrel{\checkmark}{=} \left(\frac{5}{4}\right) (8)
\end{align}
$$
Here is Length Contraction:
$$\gamma=\frac{(adj)}{(hyp)}=\frac{OL}{OD}$$
so
$$
\begin{align}
(OD) &=\frac{(OL)}{\gamma}\\
\large\Delta x^A_{OD} &\large =\ \frac{\Delta x^B_{OL} }{\gamma}\\
\left(
\begin{array}{c}
\mbox{distance between Bob's lines}\\
\mbox{according to Alice}
\end{array}
\right)
&=
\frac{
\left(
\begin{array}{c}
\mbox{distance between Bob's lines}\\
\mbox{according to Bob}
\end{array}
\right)
}
{
\gamma
}
\\
\Large L^A_{\scriptsize\mbox{ B's ladder}} &\Large = \frac{ L^B_{\scriptsize\mbox{ B's ladder}} }{\gamma}\\
\Delta x^A_{OD} & = \frac{\Delta x^B_{OD}}{\gamma}\\
(4) & \stackrel{\checkmark}{=} \frac{ (5) }{ \left(\frac{5}{4}\right) }
\end{align}
$$
You may want to check with your formulas with primes and "unprimes".
Now let's attempt your calculation to cancel the $\gamma$-factors.
$$\large
\begin{align}
\frac{
\Delta x^A_{OD}
}{
\Delta t^B_{OQ}
}
&=
\frac{\displaystyle
\frac{ \Delta x^B_{OD} }{\gamma}
}
{
\frac{ \displaystyle
\Delta t^A_{OQ} }{\gamma}
}
=
\frac{\Delta x^B_{OD} }{\Delta t^A_{OQ}}
\end{align}
$$
The important feature to note is that
neither side is a velocity
since neither side is a slope measured by Alice or Bob
since neither side has the form
$$
\left(
\begin{array}{c}
\mbox{velocity of something}\\
\mbox{according to Alice}
\end{array}
\right)=
\frac{
\left(
\begin{array}{c}
\mbox{spatial component of a hypotenuse}\\
\mbox{according to Alice}
\end{array}
\right)
}
{
\left(
\begin{array}{c}
\mbox{temporal component of a hypotenuse}\\
\mbox{according to Alice}
\end{array}
\right)
}
$$
By counting diamonds,
we have
$$
\frac{(4)}{(8)} = \frac{ (5)}{(10)}
$$
which suggests no immediate physical interpretation of velocity.
By choosing a longer elapsed time along OQ or a longer ladder along OL,
the ratios will change by the same factor. In any case, there is still no
immediate physical interpretation.