What you're asking of him would not be expected of a year 3 child.
I don't have any APP grids with me right now, at 2am, so this is from memory and might be wrong, but for level 3 he should be able to recognise and record shaded fractions of a shape and of numbers. Recognising equivalents to 1/2 is also level 3.
Mixed fractions (ie 3/5) is level 4, as is equivalents for other fractions. Like a previous poster said, working with shapes is often easier than number. Children have to understand that fractions are a form of division first.
Asking him to order fractions by size, by first having to create the fractions, is a pretty hard skill.
It sounds like he's well on track for what he can do. If he's year 3 then he's doing very well for so early in the year.