We revisit the peer selection problem of finding the most nearby peer from an initiating peer. The metrics to assess the closeness between peers are hopcount and delay, respectively. Based on a dense graph model with i.i.d regular link weight, we calculate the probability density function to reach a peer with minimum hopcount and asymptotically analyze the probability to reach a peer with the smallest delay within a group of peers. Both results suggest that a small peer group size is enough to offer an acceptable content distribution service. We also demonstrate the applicability of our model via Internet measurements.