Just wanna point out how hypothetical this is... So many factors to consider in such a case but my gut feeling would be the Olympics - but I hope you appreciate the difference between the two tournaments?
WC in hockey isn't like in soccer e.g. where it's every four years. It's every year. With a cast clearly inferior to the other tournament. If national glory was all that counted I would have stayed at home competing for the Danish League trophy every year in the first place
To take the soccer reference all the way: I'd would be like a WC(Every year) without the players that qualified for the CL 1/16-finals. I'd still cheer with all my heart for Team Denmark but I'd want a Danes hands on the CL-trophy.
Hope that "beloved" wasn't sarcastic? Not trying to be pushy, just not sure