I'm not sure what "reduce cutting space on the blade" means. The way I look at it, Seems the opposite.
I like some serration patterns. My favorite are Victorinox pattern which are shallow, uniformly sized, thin and acute. Same with Wenger's pattern, except that they are not uniformly sized.
There is another serration pattern I find usable, though uncommon. I encountered this pattern on some utility knife blades, where the scallops are placed in such a manner that there are no points along the edge. This seems to work well, probably maintains some durability considering the very thin blade stock, and like most serrations, seems to preserve some cutting ability as the straight grinds lose their edge. I've seen some TOPS and similarly styled sharpened prybars with this kind of serration, but the utility blade seems actually designed to slice.
I am a bit annoyed with the Cold Steel pattern, which alternates between a wide scallop and several tiny, very narrow serrations. The tiny serrations are very poky. But they are also more prone to bending/braking since they can be so long and narrow, and are considerably more difficult to sharpen without a specialized stone/tool. Very much to their credit, CS at least makes their grinds very acute, great for cutting ability and easing sharpening when it needs to be done.