In Newtonian physics, an isolated body has several conserved quantities: its mass $m > 0$, momentum $$, energy $H$, angular momentum
$$ and (for lack of a better name) its "moving mass moment" $$. Denoting the body's center of mass position by $$ and its velocity by $ = d/dt$, they may be decomposed into the following:
$$ = m, \hspace 1em H = ½mv^2 + U, \hspace 1em = × + , \hspace 1em = m - t.$$
The total energy consists of the kinetic part $T = ½mv^2$ arising from its center of mass motion, and the internal energy $U$ arising from the motion of its parts. as well as from their respective internal energies.
Its angular momentum consists of the "orbital" part $ = × = m×$ consisting of its motion around a fixed center at $ = $ and its internal angular momentum $$ arising from the circulatory motion of its parts around its own center of mass, and also of their internal angular momentum, in turn.
The moving mass moment $ = m( - t)$ doesn't have an official name, but despite its explicit dependency on the time $t$ it is conserved for isolated bodies. Its conservation is just the law of inertia, in disguise: namely, the statement that the body movies on a trajectory given by $ - t = _0$, where the constant $_0$ is the position at $t = 0$ for that trajectory. That means it moves at a constant speed in a straight line, in the absence of forces.
If the body is made up of parts, these quantities are totaled from those of its constituents and this partly accounts for how $U$ and $$ arise in composite bodies. But, then, the natural question - going in the upwards direction - is: how do you combine the contributions from separate parts of a body to arrive at a total for the body made out of those parts, and what is the total? In particular: how do you combine the totals from two constituents? You can always think of a composite body as being made of two constituents, each of them possibly, themselves, being composite, so this is actually reflective of the general situation.
Let the two bodies have respective invariants
$$\left(m_0, _0, H_0, _0, _0\right), \hspace 1em \left(m_1, _1, H_1, _1, _1\right),$$
and let their respective center of mass positions and velocities be:
$$_0, \hspace 1em _0 = \frac{d_0}{dt}, \hspace 1em _1, \hspace 1em _1 = \frac{d_1}{dt}.$$
In particular, we assume:
$$_i = m_i_i, \hspace 1em H_i = ½m_iv_i^2 + U_i, \hspace 1em _i = _i×_i + _i, \hspace 1em _i = m_i_i - _it_i \hspace 1em (i = 0, 1).$$
Because of the interaction of the two parts of the body with each other, their "invariants" need not any longer be preserved, but we'd expect the total for the entire body to be, if the entire body is isolated. We'll suppose the two parts interact with each other through some kind of potential energy $V$, so that the total energy of the body should include this as a contribution. We assume that all the other quantities are additive; thereby leading to the following totals:
$$m = m_0 + m_1, \hspace 1em = _0 + _1, \hspace 1em H = H_0 + H_1 + V, \hspace 1em = _0 + _1, \hspace 1em = _0 + _1.$$
Now the question arises: can they be made to satisfy a similar deconstruction? If so, then what are $U$ and $$? It's here that you'll find the reduced mass arises, as well as reduced versions of the position vector and velocity for a fictitious body. Call them $μ$, $$ and $$, respectively.
In reference to your question: the angular coordinates are those obtained from writing the position $$ of the fictitious body in spherical coordinates.
When dealing with two-body dynamics, the total quantities - being conserved - recede to the background and this reduces the focus on just these constituents. To find what they are, first set up the totals for the momentum and moving mass moment.
$$m = m_0_0 + m_1_1, \hspace 1em m - mt = m_0_0 - m_0_0t + m_1_1 - m_1_1t.$$
From this, we can almost directly read off the solutions for $$ and $$:
$$ = \frac{m_0_0 + m_1_1}{m_0 + m_1}, \hspace 1em = \frac{m_0_0 + m_1_1}{m_0 + m_1},$$
and confirm that $ = d/dt$.
That's the center of mass position and velocity for the body and is actually where it comes from: the additivity of the momentum and moving mass moment.
Next, substitute into the additive relation for $$, ignoring the internal angular momenta for now, to find out what addition contribution is being made to $$ from the circulatory motions of the two bodies about their common center of mass:
:
$$\begin{align}
_0 + _1 - &= _0×_0 + _1×_1 - × \\
&= m_0_0×_0 + m_1 _1×_1 - \frac{m_0_0 + m_1_1}{m_0 + m_1}×\left(m_0_0 + m_1_1\right) \\
&= \frac{m_0m_1\left(_0×_0 - _0×_1 - _1×_0 + _1×_1\right)}{m_0 + m_1} \\
&= \frac{m_0m_1}{m_0 + m_1} \left(_0 - _1\right)×\left(_0 - _1\right).
\end{align}$$
From this, you can almost read off the candidates for $μ$, $$ and $$:
$$μ = \frac{m_0m_1}{m_0 + m_1}, \hspace 1em = _0 - _1, \hspace 1em = _0 - _1,$$
and confirm that $d/dt = $. Therefore, we can write:
$$_0 + _1 = + μ×.$$
Thus, putting back in the contributions from the internal angular momenta, we find:
$$\begin{align}
&= _0 + _1 - \\
&= _0 + _1 - + _0 + _1 - \\
&= μ× + _0 + _1 - .
\end{align}$$
Therefore
$$ = _0 + _1 + μ×.$$
So there is an additional contribution to the internal angular momentum for the body, beyond those that arise from the two component bodies that is equal to the "orbital" angular momentum of a fictitious body with reduced mass $μ$, position $$ and velocity $$. The position is not really relative to anything, per se, but could be thought of as the position of either body as seen by the other. To get the vantage point from the opposite body, you could just as well flip the signs on both $$ and $$, and, instead, write $ = _1 - _0$ and $ = _1 - _0$, without any material change, since all the contributions arising from them will be quadratic.
Finally, for the total energy, again ignoring the internal contributions, we find the following reduction:
$$\begin{align}
T_0 + T_1 - T &= ½m_0{v_0}^2 + ½m_1{v_1}^2 - ½mv^2 \\
&= ½m_0{v_0}^2 + ½m_1{v_1}^2 - ½\frac{\left|m_0_0 + m_1_1\right|^2}{m_0 + m_1} \\
&= ½\frac{m_0m_1{v_0}^2 + m_0m_1{v_1}^2 - 2m_0m_1_0·_1}{m_0 + m_1} \\
&= ½\frac{m_0m_1}{m_0 + m_1}{\left|_0 - _1\right|}^2 \\
&= ½μ||^2.
\end{align}$$
Therefore,
$$T_0 + T_1 = T + ½μ||^2.$$
Thus, in a similar way, we find:
$$\begin{align}
0 &= H_0 + H_1 + V - H \\
&= T_0 + T_1 - T + U_0 + U_1 + V - U \\
&= ½μ||^2 + U_0 + U_1 + V - U.
\end{align}$$
Thus
$$U = U_0 + U_1 + ½μ||^2 + V.$$
So, the total of the conserved quantities consists of the sum of the contributions from two component bodies, plus a contribution to the internal angular momentum and internal energy from a fictitious body. If the composite body is free from external interactions, then the focus of all the dynamics falls on the fictitious body and its attributes: its mass $μ$, position $$ and velocity $$, acting under the influence of a potential energy $V$. This account also spells out, explicitly, the possible contributions that the internal angular momenta and internal energies of the component bodies may make to the dynamics of the fictitious body. It's possible to have energy and angular momentum transfers along these channels.
It may be possible to do this deconstruction in tandem with three or more component bodies, instead of breaking down components two at a time.