Whether 2-bracket Dyck is equivalent to $n$-bracket Dyck ($n\ge2$)? Short answer: that depends which operations one allows.
The Chomsky–Schützenberger Theorem states that every context-free language $L\subseteq \Sigma^*$ can be written as
$L=h(D_{T}\cap R)$, where $D_T$ is the Dyck language over the bracket pairs on $T\cup \overline T$, $R\subseteq (T\cup \overline T)^*$ a regular language, and $h: (T\cup \overline T) \to \Sigma^*$ a homomorphism.
Some intuition here. We can prove the CST using a representation of $L$ as a pushdown automaton. Each transition is represented as a sequence of brackets. These brackets represent both the input letter that is read and the symbols that are popped and pushed during that instruction. It is possible to show that two different pushdown symbols suffice for the PDA. On the othet hand $\Sigma$ is not bounded. As we use a homomorfism to decode $\Sigma$ from $T$, in general $T$ must be as least as large as $\Sigma$. Hence we cannot bound the number of bracket-pairs.
In the theory of Abstract Families of Languages one studies language families and their closure properties. We have the result that the context-free languages are a cone, the smallest family of languages that includes $D_2$ (the Dyck language over two bracket pairs) and is closed under homomorphisms, inverse homomorphisms, and indersection with regular languages.
Basically the CST construction works to obtain such a result. The inverse homomorphism however can be used to code both input letters and pushdown symbols into two pairs of brackets. The context-free language is of the form $L = h( g^{-1} (D_2) \cap R)$.
PS. Below an old slide I have. (note. The roles of $g$ and $h$ are reversed.)
It illustrates that we can see a PDA diagram as a finite state automaton, which defines regular sequences of instructions: the set $R$. Whether such a sequence is allowed as a computation has to be verified by checking that the pop and push instructions are legal. Legal sequences are Dyck sequences (with matching brackets). Thus we map the instructions to $D_2$ here using $h$.
Finally the language of the PDA is the sequence of input letters, which is obtained from the instructions using the second morphism $g$.
