I don’t think that would necessarily favor small artists. That would just favor artists who are listened to by people who don’t use Spotify a lot.
Right now someone who only streams a few songs gets a very small “vote” (assuming pay is per stream). That would make it so that everyone had the same “voting” power. But I doubt there’s much correlation between people who use Spotify less and small artists. In fact that’s probably a negative correlation if anything, and this could end up hurting local artists.