I want us to qualify for Europe, whichever it is. Obviously CL then EL would be better, but I'd much prefer Conference League than nothing. It's still a trophy, just like how winning the League Cup is third on the domestic list after the FA Cup and PL, but still well worth winning. The 'upside' of winning a competition is winning the competition. We're hardly winning so much in the recent decade that we should be looking down our noses at any of the six main European / domestic competitions.
It would also give us more of a chance to field some of the better younger players at times. Though absolutely no way should we treat it like an U23 competition, as we've taken a few hammerings against some of the league one teams in the EFL Trophy - I'm not quite sure what level some people are imagining the Conference League to be, but you get the best teams from the smaller leagues (teams like Olympiakos, who just knocked out Villa over two legs) as well as a smaller number of EL level clubs from the bigger leagues. There's no guarantees we'd win it - but we'd at least be in with a genuine chance, similar to our EL campaigns.
Unlike the CL, we should get through the group stage while being able to give some minutes to some of the better youngsters, mixed with first team regulars. But not if we just pick an U23 team. And there's no need for us to throw a trophy that we have a realistic chance in.
I've said all this, but the likelihood is we won't even qualify for the Conference League. We'll likely finish too low for it. So much for looking down our nose as if we're too good for it!