When I compare a small world to a large world in Terraria, it feels like I find ores and chests more frequently in the small world.
Are resources actually closer together in a small world? If so, what are the relative distributions for each world size?
Best Answer
In small worlds, resources are closer together.
In large worlds, resources are farther apart.
According to the Terraria wiki page on World Size,
This can be seen by using MoreTerra to display the whole map. Taking same-scale slices of each world size reveals the sparser dispersions of rare resources in the larger maps.
For a numerical argument, you could count the number of rare resources on n small worlds, n medium worlds and n large worlds. Then divide each count by the respective world dimenions and average the numbers. This method will give the average density of resources on each map size. The greater n is, the more accurately average resource density is estimated.
For example, below are three same-scale slices of each world size. Note, this is only one sample, so the total counts do not accurately represent the average resource density of each map size.
Small World
4300 x 1200 blocks
Medium World
6300 x 1800 blocks
Large World
8400 x 2400 blocks
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Another way to find the exact dispersion ratio is to look at the code.
In response to people asking about an open source version of Terraria, Redigit says,
So until the open source code is released, somebody could dig through the decompiled code and find the variables that control the base resource density of each map size.