Small clubs must have the same opportunities as big clubs, even though the competition is indeed lower, but at least it is a stage for them to be able to show that they can actually develop even though they cannot compete with the big clubs yet, so I agree with you.
The Conference League was created to give clubs who are finding it extremely difficult to qualify for the Europa League or Champions League a chance to experience the atmosphere of European matches. This also gives them a very big opportunity when they become champions, because they get a place to compete in the Europa League for the following season.
How the small teams like Sevilla or Newcastle or other teams can have the same chance as Real Madrid and Manchester City? Just the market value for these two teams and you understand how strong they are and the players they are not comparable with other teams, since they had more investment in there they will obviously get better results too.
In terms of probability it is clearly different but in terms of opportunity it is certainly the same, even though the conditions for a big club clearly have more advantages over the favorite but they still can't make it seem like the small club isn't there.
Now for the Champions League there could be some unexpected forces. Newcastle with the power of money and their passion to be better or even another club that is not really a favorite there could be several conditions like that during the 2021/22 season for Villarreal and last season for 3 Serie A clubs which were even surprising in the quarter final .
Even though the championship is still about how pots and clubs subscribe in terms of probability but still in terms of surprises for the Champions League, clubs like this with ordinary strength often do it.