Over time these ineffiencies should balance out in equilibrium. But, in my option as a minnow I feel that great content with engagement can go unnoticed and unrewarded. While a big reward will without a doubt get noticed.
That doesn't mean that the attention garnered by the reward post will be more "valuable". But, more desperate people will chase the reward.
I hope we do see an equilibrium come, especially for the market, while the kinks get worked out. :) Seeing good content that slipped through the cracks is always saddening.