Against abstract identifications
Some philosophers believe that the second world war is a triple of a thing, a property and a time. Others have argued that my age is a pair of an equivalence class of possible individuals and a total ordering on such classes. It is also often assumed the number 2 is the set {{{}},{}}; that the meaning of "red" is a function from contexts to functions from possible individuals to functions from possible worlds to truth values; that possible worlds are sets of ... sets of properties; and that truth values are the numbers 0 and 1 (aka the sets {} and {{}}).
These kinds of identifications go against common sense and are to a certain degree arbitrary. The two features are related, I think.
The arbitrariness is due to the fact that in each case, many other candidates would have served equally well: there's no good reason to prefer 0 and 1 as truth values over 2 and 3, or for preferring the von Neumann numbers over the Zermelo numbers, or for prefering triples of things, properties and times over unit sets of such triples. Some of the candidates are formally easier to handle than others, but I don't think this carries much weight: it is no part of the job description for events or ages that they have a simple set-theoretic structure.
If several candidates satisfy a job description equally well, the corresponding term is best regarded as indeterminate between those candidates. This means that there are no true statement identifying events, ages, numbers, meanings, worlds or truth values with anything else. If all candidates are sets, at best we can say that events etc. are sets of some kind or other. But often or maybe always, there are equally good non-set candidates: instead of a triple, why not take the mereological fusion of the triple and the empty set (which isn't a set even on Lewis' mereological theory of sets)? Instead of the von Neumann series, why not take that series with 7 replaced by Julius Caesar? (I'd also like to believe that sets themselves can be reduced to other things, so identification shouldn't stop there.)
In philosophical practice, it is awkward to always keep in mind that abstract roles have many realisers. It is easier, and mostly harmless, to choose one particular realiser -- preferably a simple one -- and pretend that it is the unique one. This is harmless as long as the conclusions we draw don't depend on idiosyncratic facts about the chosen realiser. Unfortunately, this happens every now and then. This is especially bad if the chosen candidate isn't a good realiser in the first place. For instance, some philosophers have argued that logically equivalent propositions are identical because propositions are sets of possibilities; or that giving minimal credence (credence 'zero') isn't the same as ruling out for certain because credences are real numbers (and thus behave in a certain way when there are infinitely many possibilities to consider).
What about reduction and explanantion? If you do not know what what "red" does or are puzzled what numbers are, the above statements might help you or might show you how to connect this to other theories you have. E.g. Quine I think would take identification to be reduction and he wouldn't be too troubled about that there is not a single way to reduction. Or are you more troubled about this being "abstract"?
M.