"It depends on the recording algorithm you have selected for the track points, but in general yes, more points within a straight distance will give more error."
That is all kind of silly, because the user seldom has any control over recording algorithms.
If you are traveling in a perfectly straight line for a long distance, then more points within that straight distance will give more error, but it is a tiny error that you can't find within all of the other errors going on. That is also kind of silly, because backpackers are seldom going in a perfectly straight line for a long distance.
If you are traveling on a switchback trail (with zigzags), you will get the most accurate distance recorded by going slowly and letting the maximum number of data points accumulate, but that will vary if your position accuracy is unreasonable. For example, if you are on a switchback trail within a deep box canyon, then your horizontal accuracy is likely to be impaired. There are excellent ways of doing this, like if you are a surveyor, and they involve some expensive equipment. But for a typical backpacker, you just have to go with what you've got and learn how to make the best of it. Few people do this.
–B.G.–