you wil be missing stuff further hops down yes! BUT it will stop any channel freezes! The more hops down you recieve shares from the more unstable the channels will become! As a rule i only accept 2 hops max and also a ping responce under 100ms!
Similar to yourself I have tended to accept only 2 hops and I used the same config ineternally just wanted to make sure I was configured correctly even though I am not experiencing any glitching.
