I don't think that is very accurate Phoenix, obviously i am also just speculating, but i believe genocide is not only about ethnicity nor the gene pool, it could be the extermination of any ethnic, religious or political group (that is the definition anyway). Therefore making the numbers relative, so if you are wiping out a small political group then it does not have to be proportional to their nationality or anything else. I think "genocide" should be THE MOTIVE behind the killings, for them to be considered as such, there has to be the actual will to exterminate an entire group, which i don't think the Young Turks had at the time.
Otherwise the death of 600,000 Iraqis due to the invasion should be considered as genocide too because that is some serious impact on their gene pool. In fact thats almost how many Armenians died in Turkey. But unfortunately it goes down as either friendly fire or due to some other supposedly "unavoidable" circumstances.
On a more twisted level, apparently that this is the small price the Iraqis must pay for "freedom"
Plus one does not have to succeed either, so who is to say that the TC massacres would have stopped at those 2 famous villages? Obviously they were not simply shot during combat, they were rounded up and butchered, just like Milosevic did back in the day.