The format change has not reduced leverage. It has shifted it, and in some respects made it more acute.
The concern is straightforward. When one day of racing awards 10 points for a win across a full fleet, you cannot simply halve that figure the next day and call it balanced. A fairer approach might have been a 10,8,6,4,2 allocation for today's racing. That way, the top three who advance to the winner-takes-all final could at least be measured against yesterday's fleet results on something resembling equal terms.
Yesterday, a race win across the full fleet was worth 10 points. Today, a win is worth 5, but only within a split group. Far from softening the swings, that compression actually concentrates them.
Here is why the stakes remain enormous.
Each group has just two races, which means a maximum of 10 additional points is on offer. On a leaderboard where teams are bunched closely together, 5 points is not a small number. What matters is not the absolute value but the margin over your direct rivals, and that margin has not shrunk at all.
The reduced fleet size changes the calculus further. Instead of racing against 12 or 13 boats, teams are now measuring themselves against five or six. Scoring well becomes more achievable, but the cost of a poor result rises sharply. In a five-boat fleet, finishing last earns a single point. The winner collects five. That is a four-point swing from a single race, which on today's compressed scoresheet is a very large number.
The compression effect works in both directions. A team sitting on 12 points overnight who wins the opening race of their group jumps to 17 in one result. That likely puts them directly into final contention. A single race rewrites the picture completely.
There is also no room to absorb damage. Yesterday's 10-point wins were distributed across a longer sequence of races, which meant teams could, to some degree, recover from a bad result. Today there is no such runway. Two poor starts and the event is over.
The headline points figure has halved, but the pressure per race has done the opposite. Margins are tighter. The schedule is shorter. The consequences of any single mistake are sharper than at any point in the regatta.
In this format, 5 points can decide Auckland.