I think it depends. Personally as a follower I would prefer less posts of higher quality, if it came to that choice. More because if I am following a lot of people, I will have to choose how to split my attention, and will likely skip posts that don't catch my attention. Which reminds me, I think I need to do some follower cleaning since there are a few I'm noticing that I keep skipping over.

However, I do see the value in a consistent update schedule for a blogger. I'm not sure yet if I want to commit to that.