The role of heavy bombers is to put lots of bombers carrying lots of bombs over a given target and to saturate the target.
That is how they were used, basically carpet bombing.
You keep using the term "heavy bomber" when you should be using the term "strategic bomber".
What height it's done at depends of course and as we all know accuracy diminishes with height, so that's why you need lots of bombers with lots of bombs, to compensate for predicted misses while providing defence against enemy anti-air assets.
Using lots of bombs tends towards smaller bombs.
Small bombs are useful for things like rail yards and houses. Not so effective against industrial and oil targets, though.
What I'm stating is that there is no guarantee that if Mosquitoes were used in the same way as heavy bombers were that they'd be any more accurate and there'd need to be more of them to deliver an equivalent load to an equivalent number of bombers, and conversely that if they were used differently, i.e. doing the same mission profile at low altitude and high speed that they could achieve the same results, when that means you need to fly more operations, increasing the probability of greater loss rates to enemy air defences to guarantee a given number of bombs over the target area.
It would be foolish to think a small, unarmed bomber should be used in the same way as a large, heavily armed bomber.
I doubt the Mosquito would be more accurate bombing from the same heights as B-17s when the two are bombing individually.
However, B-17s didn't bomb individually for most of the war, even though it was a more accurate method.
The USAAF used the Norden bomb sight, which required a long, straight approach at a steady speed. When used individually, the B-17s were over the target longer and that gave flak gunners time to line up the bombers. The bomb-on-leader tactic was developed in response to that - it was to reduce losses rather than improve bombing.
It is not certain that more bombers would be required to get the same results. Results meaning the damage or destruction of the target.
If you double the accuracy and have an aircraft with half the bombs then you require the same number of bombers. If you improve the accuracy further, less bombers are required, or you can do more damage.