I personally think that the Europa League should be the only tournament together with the Champions League. The appointment of the Conference League should not have taken place, but I also understand that it is a commercial thing. All a lot of turnover for the football association, and in this way very small teams also get the chance to participate in a European round. But the difference in the prize money between all 3 tournaments is of course bizarrely high.
The thing is that football is a big business and at that the association will always look out for ways to create an imclusive tournament rounds that also include other smaller unit of the sport/football market where the clubs that dont have much history and records can also be included innthe international footballs competitions.
The small clubs shall have the same chances to participate in the low tier competition that being created even for the commercial purpose only. The price would not be as high as europa league or even UCL but it can help small team a
There shall not be a differentiation between any clubs. EUFA was making conference league to facilitating the club that placed at the bottom to be able to compete to get low tier trophy in European league competition. It's also helping the club to participate in the higher level of UEFA competitions. I think that you shall see that from another perspective. you shall not only focus on the commercial purpose of the conference league.
Low tier competition will give smaller clubs a great chance to indeed prove themselves in the international league and that is another avenue for them to show their talent and prove to the world that they're capable of holding other bigger international football titles.