Field size generally trumps quality, unless you're talking about big guns and major stakes. Timing and exposure (post time) trumps quality as well, although not as effectively.
I think you can look at it this way... Imagine there's 10 minutes to post at Belmont, and 16 minutes to post at Monmouth. Belmont is a field of 9, Monmouth is maxed-out at 14. Are people going to skip the Belmont race and play Monmouth? No, they'll play both, just like they always have.
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