It would put us in a position to win 'multiple cups in the near future' at all tbf. We'd be a newly promoted club, with a quality manager, still absolutely light years behind the big 6 teams in the country. Unless by near future you mean century. This is before factoring in that we are NUFC, and an unmitigated disaster is always around the corner.
Feel as if I'm arguing against promotion here I know we'll be promoted and it will be great.
The original debate is between Promotion or Cup Win, not both. We'd all love both. But in the short term, with a view towards the long term, promotion is more important this season than a cup win.