It's very true that having fewer representatives is likely to benefit your coefficient.
Back in 2006 Romania rocketed up from TWENTY-FIFTH to TENTH in one season because Steaua and Rapid had decent runs in the UEFA Cup (semi-final and quarter-final) and it was only being divided by 3 teams rather than 4 or 5 with a couple of non-contributors.
Romania had the highest coefficient score in Europe that year even higher than Spain's despite the fact that Barcelona won the Champions League, Villareal reached the semis and Sevilla won the UEFA Cup.
| Cup | qW | qD | qL | #W | #D | #L | Bonus | Points | Average | |
1 | | | 5 | 3 | 2 | 16 | 9 | 7 | 3 | 50.5 | 16.833 |
4 | Steaua Bucuresti | UC | 1 | 2 | 1 | 7 | 5 | 2 | 2 | 23.0 | |
5 | Rapid Bucuresti | UC | 3 | 1 | 0 | 7 | 3 | 2 | 1 | 21.5 | |
64 | Dinamo Bucuresti | UC | 1 | 0 | 1 | 2 | 1 | 3 | 0 | 6.0 | |
| Cup | qW | qD | qL | #W | #D | #L | Bonus | Points | Average | |
2 | | | 3 | 1 | 0 | 30 | 23 | 15 | 23 | 109.5 | 15.642 |
1 | FC Barcelona | CL | 0 | 0 | 0 | 9 | 4 | 0 | 7 | 29.0 | |
3 | Sevilla | UC | 0 | 0 | 0 | 9 | 4 | 2 | 3 | 25.0 | |
8 | Villarreal | CL | 2 | 0 | 0 | 3 | 7 | 2 | 6 | 21.0 | |
28 | Real Betis | UC | 1 | 1 | 0 | 3 | 2 | 5 | 3 | 12.5 | |
29 | Real Madrid | CL | 0 | 0 | 0 | 3 | 2 | 3 | 4 | 12.0 | |
43 | Espanyol | UC | 0 | 0 | 0 | 3 | 3 | 2 | 0 | 9.0 | |
120 | Osasuna | UC | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1.0 | |
Having 5 representatives is NOT a good thing for us,
but hopefully, the new conference league means that some may actually get into those groups and at least contribute a point or two.