Absolutly the Linear/The Ring championship has more importance. Joel Cassamayor beat Diego Corralas to become champion, and he will be champion until someone beats him.

However, Cassamayor is a horrible poster child for the THe Ring because he has been extremely inactive, his last fight was a horrible gift decision, and while this was going on, Juan Diaz went around and collected all the alphabet trinkets.

A good example would be Kelly Pavlik. He beat the man who beat the man.....If he is ever stripped of his alphabet titles, the public will still recognize him as THE Middleweight Champion of the World.