Stormjen you have a long way to go before you get to my most recent post on the Twinkie effect and how it relates to grossing in numerous colon polyps!
I would agree with you, but I would add that some of the smaller programs don't necessarily get as many applicants, because the application process is a bit self-selective in that people tend to apply to similar programs. They select people for interviews who they think might be serious applicants as well as appropriate residents for their program.
Sometimes, small programs end up granting fewer interviews just because of this. There may be a few candidates out there who apply to residency programs via the shotgun approach and try to gain as many interviews as possible, program acceptability or appropriateness be damned, but most are a bit more selective.