Most of the cuts in routes are not resulting in a more frequent service - indeed, some are seeing cuts to both.
I think you misunderstood me, so perhaps I should clarify.
"But I'd far rather have a shorter route with more frequent buses than a longer route running only infrequently - if there is no financial penalty for changing."
I meant I'd rather have two short routes with a 10-minute frequency and need to change half-way, than have a long route that only ran at a 20-minute frequency - so long as there is no financial penalty.
In the part of my post that you didn't quote, I gave the example of the changes brought about by the truncation of the 27. One section of the route is being reduced form 30bph to 22bph , but only 16bph is needed to meet capacity. So there's still an overprovision of 6bph. And instead of a bus on average every 2 mins, there will be a bus on average every 3 minutes. It's hardly the end of the world.