It may be competitive out there as an applicant, but I think you are missing the point that it's a two way street. Programs will compete for the best residents and that's exactly the reason why I did not rank about 50% of the programs I interiwed at. I felt that I was not only better than the other interviewees I was with for the day, but in some cases that I was too good for the program. Those programs didn't do enough to make me feel like they were going to be committed to doing all that they could to make my time worth it. It's a different feeling when you have worked so hard to be the best you can be, in addition to being naturally gifted, and know that, no matter how hard they try or how well they interview, other candidates will never be able to reach the level you are at. There was never a shred of doubt I would not match with my first rank, much less not match at all.
You might think that I sound arrogant or cocky, but the truth is that there are other people like me in this world, people who are so passionate, so hard working, so intelligent, never settling for " good enough." And we aren't arrogant or cocky, in fact, we're the people who have tirelessly helped you, and the entire profession, get to where you are. We are the people who advance things, we're the people you read about in journals and magazines, we're the people you admire and look up to and aspire to be like.
To any applicant out there, work to find out who you are as a person. Learn all you can from your preceptors, but don't let them tell you who you have to be, the path you have to take, or even how many or which programs you have to rank. Only you know your true potential and only you know the best way to get there. If that means ranking a program that won't give you EVERYTHING you need just so you can "match" and "not have to scrambe", you aren't' being true to yourself and you need to do some soul searching to find what you want out of the short time that you have on this earth, because if that's the case, I would say you're doing a residency just to be like everyone else and not because it's what you want to do.
-Beast