Is there such thing as a "Bad" Accelerator program?

To clarify, I don't mean obvious points of worry... as in a place that wants 50% equity, or anything obvious like that.

My question pertains to the selection of an accelerator.Let's assume for the sake of argument, one could get into any accelerator they wanted.

Is there such thing as significantly hurting your chances of success by choosing the wrong one? What should an accelerator applicant like me looking at when it comes to priority? For instance, does it make sense to go to a more "local" accelerator that offers great financial incentive, but doesn't have the same clout as YC. Is "desirable" completely just based on the accelerators network of investors post-program, or are there other things one should consider that are equally important?

One thing I'm struggling, living in L.A., is that I believe an initial launch of my product would have some intangible advantage in the bay area. Mostly due to differences in culture. Is it advised that I also concentrate in Bay area accelerators?

I realize there are some generalizations being made, but any help would be appreciated. Thanks