I think the numbers are just a way of thinking about it. Consider how you would map that to actual experience.
Consider two sentient species that evolved on two different planets in two different galaxies. One species decides to prioritize minimum happiness: the result is that they have 1 billion people, each of whom live the fabled lives of gods: everyone has constant access to physical and intellectual pleasures (food, music, whatever), is completely free of disease, war, and so on. Nobody ever thinks of suicide because they're just so blissfully happy and satisfied all the time. But to achieve this, they limit their population such that it never grows past 1 billion.
Another species decides to maximize aggregate happiness. They expand to have the maximum number of their species possible while maintaining a positive "happiness balance" for each person. Each person's life is hard, full of pain and toil; it's also rewarding, full of joy and relationships; but the reward is only ever fractionally better than the sorrow. Obviously that's an average: people's lives always have ups and downs, and during the "down" times, people begin to contemplate suicide. People may spend as much as 45% of their lives feeling that life isn't really worth living. But there are far more of them -- they've expanded to every available liveable location nearby, and continue to grow. There are trillions of them already, and as they continue to expand throughout their galaxy, there will be trillions upon trillions more.
So which species has made a better choice? When concretely embodied like this, I don't think the question is a nonsense one at all.
The only part I think might be considered nonsense is the assumption that you can always have one more and still have an average/minimum positive utility. Consider a generation spaceship (i.e., a spaceship designed to take several generations to travel between stars) with enough replicators to generate food for 1000 people to be sated. Some people might consider 1200 usually-hungry-but-otherwise-happy people is better than 1000 always-sated people, but 3000 always-starving people must be far worse; and 100,000 people living on the calories of 1000 people is clearly physically impossible.