I cannot think of a reason why you would want less data than more data. Anyone use HLC bars in favor or OHLC bars?
================== Only reason i can think of are ; HLC are inferior to OHLC Wisdom is profitable to direct
For intra-day data, you can assume that the opening price on a bar is one tick away from the closing price of the previous bar. The opening price has more significance with daily, weekly and monthly data.