mack - 6:00 pm on Dec 18, 2010 (gmt 0)
Thats a big change! I have always through in terms of the bigger your net the more fish you catch. More pages = small number of referrals per page equates to pretty large numbers in terms of combined traffic.
Are you thinking that by having a lot of pages similar in topic, but unique in content is making it harder for any one page to gain really high ranks?
I think you have a dilemma, few pages that rank well.. or lots of pages that rank low. High rank pages gain more referrals, lower ranked pages gain fewer referrals, yet there are lots of them.
I wouldn't like to have to make that call.