The proof-theoretic strength of a theory is measured by the $\mathsf{\Pi}_{1}^{1}$-ordinal of the theory and it is called the proof-theoretic ordinal (PTO) of the theory (there are other ordinal analyses, like the $\Pi_{2}^{0}$-ordinal of the theory).
My understanding of the bounding scheme is rudimentary. But it is an induction principle after all, just for a restricted class of formulas. Hence, it appears to me that the PTO of $\mathsf{B\Sigma}_{2}^{0}$ (equivalently, $\mathsf{B\Pi}_{1}^{0}$) should be at least that of $\mathsf{RCA}_{0}$, i.e. $\omega^{\omega}$. On the other hand, it should not be larger than $\varepsilon_{0}$ since two facts are known: First, for each exponent $p\ge 3$, the infinite Ramsey's Theorem for exponent $p$ (denoted by $\mathrm{IRT}(p)$) is equivalent to $\mathsf{ACA}_{0}$ over $\mathsf{RCA}_{0}$. Second, over $\mathsf{RCA}_{0}$, $\mathrm{IRT}(1)$ and $\mathsf{B\Sigma}_{2}^{0}$ are equivalent. But what is precisely the PTO of $\mathsf{B\Sigma}_{2}^{0}$?
In order to be clear, by $\mathrm{IRP}(p)$ I mean the statement that for all $r\in\mathbb{N}$ and all functions $c:[\mathbb{N}]^{p}\rightarrow [r]$, there exists and infinite subset $H\subseteq\mathbb{N}$ such that $c|_{[H]^{p}}$ is constant. Here, $[r]$ denotes the set $\{1,\ldots,r\}$ and $[\mathbb{N}]^{p}$ denotes the set of all subsets of $\mathbb{N}$ of size $p$.