Suppose I run many different kinds of applications and am just looking for an overall score to provide a general idea of how two machines compare with one another. That's supposed to be the purpose of these benchmarks, isn't it? But this one seems to be unusually useless at distinguishing between various machines with more than a small number of cores.
Your analysis is also incorrect for many of these systems. Each core may have its own L2 cache and each core complex may have its own L3, so systems with more core complexes don't inherently have more contention for caches because they also have more caches. Likewise, systems with more cores often also have more memory bandwidth, so the amount of bandwidth per core isn't inherently less than it is in systems with fewer cores, and in some cases it's actually more, e.g. a HEDT processor may have twice as many cores but four times as many memory channels.