It also bears being said that depending on your campus, many groups may not participate in spring informal recruitment. Often more popular or "desirable" groups are at total and have no need to participate in informal recruitment - it is the smaller groups that do.
Furthermore, your assumption that a smaller group of women going through informal recruitment means it will be less competitive is wrong. In formal recruitment, they take the number of active PNMs on preference night and divide it by the number of sororities - in theory, ensuring a home for everyone who makes it through to pref night (it doesn't always happen that way because many women suicide on their bid cards, and there is always the possibly of a genuine mismatch, although many campuses are taking efforts to reduce mismatches). Whereas in informal recruitment, each group will only have a limited number of spots available, the number that it will take them to get up to total. So in reality informal recruitment could be far MORE competitive.
Thus the best advice is what everyone has already said: stick it out in formal recruitment as far as you can and see if your feelings change.
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