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Surely the issue is voting systems that do not rationally incorporate each voter's preference equally?

Unless you're suggesting iteration as a way to get around Arrow’s paradox? I'm not sure if anyone has tried it - could be interesting? But if not, then ranking candidates get you the same results.

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Few voters will express their true preferences and will go instead with 'the lesser evil' when they fear their option will be in a small percentile and discarded. It is not unusual to have systems where 5% is required for a party to get into the parliament, or for a nominee to get into preliminary rounds, etc. So one cannot expect a voting system to incorporate all voter's preferences if they are very small but a warm-up voting would reveal that the fringes that big media avoids covering can become popular.

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