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It stands to reason in almost anyones mind, that the more ads you show, the less chance they will click on a high paying ad.
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Not true all the time. I have a site that gets targeted with CPM ads. These either show an image or just one text ad that takes up the whole ad block. So the best way to maximize revenue in my case is to have the maximum amount of ads. That way, when G is showing the targeted banners, there are enough ad bocks left over to show contextual too.
In a case like mine, not having the max amount of ads would cost you about 30% in revenue.
The bottom line's the bottom line