Rethinking Hybrid Retrieval: When Small Embeddings and LLM Re-ranking Beat Bigger Models

This paper presents a comparison of embedding models in tri-modal hybrid retrieval for Retrieval-Augmented Generation (RAG) systems. We investigate the fusion of dense semantic, sparse lexical, and graph-based embeddings, focusing on the performance of the MiniLM-v6 and BGE-Large architectures. Contrary to conventional assumptions, our results show that the compact MiniLM-v6 outperforms the larger BGE-Large when integrated with LLM-based re-ranking within our tri-modal hybrid framework. Experiments conducted on the SciFact, FIQA, and NFCorpus datasets demonstrate significant improvements in retrieval quality with the MiniLM-v6 configuration. The performance difference is particularly pronounced in agentic re-ranking scenarios, indicating better alignment between MiniLM-v6's embedding space and LLM reasoning. Our findings suggest that embedding model selection for RAG systems should prioritize compatibility with multi-signal fusion and LLM alignment, rather than relying solely on larger models. This approach may reduce computational requirements while improving retrieval accuracy and efficiency.