This is why I think Europa is where we deserve to be as a club and a squad this season. This isn't knee jerk or making excuses after we finish 5th, I've said this fairly consistently on my posts.
4th would be great for the money and the players it might help you attract, but like you say our squad doesn't have the quality to compete on those 2 fronts consistently I think.
Europa should let you mix things up more, especially in the group stages, so let's you play more of the fringe players & the youngsters in the squad, so should provide a platform for the likes of Saliba (if he stays), Sambi, Patino etc to get some much needed game time. These guys need more games to develop, otherwise they'll just stagnate. Europa & League Cup first half of the season allows you to do that. In saying that, depending on who leaves, we might not make 6-8 signings, I still expect the club to make 4 or 5 signings.
And I'm not arrogant enough to think the Europa League is beneath us. Not being in Europe at all this season, & watching journeys of the likes of Rangers & Frankfurt, has made me realise its still a good competition, & has the prize of Champions League at the end of it as well.