The way you (and most others) describe 6/49 wheels is not precise. Every wheel is defined by 4 parameters:
Win guarantee (W) - minimum guaranteed win, from 3 to 6;
Numbers that have to match (S for score) - the numbers actually drawn;
Numbers in the pool (N) - numbers distributed in the wheel.
Tickets (T) - the number of tickets (or lines) you have to play.
This is how I interpret these parameters: if I hit S numbers from the pool of N numbers playing T number of tickets I am GUARANTEED at least 1 (and frequently more) W win level.
Since you are interested in a 26-number wheel I have one ready for you: 3W,5S,26N,40T. This wheel guarantees that you will win at least 1 3-numbers win if you score (match) 5 numbers (S) out of 26 (N) with 40 tickets (T) played. I used this wheel for actual playing and it gave the best results: once we won over $500 for $40 and twice $200, not to mention smaller wins. The wheel is capable of delivering 4- or even 5-number wins or multiple (up to 10) 3-number wins.
This is full wheel which means all possible combinations are covered - no matter which 5 out of 26 you hit you have a minimum win. This wheel was also optimized for efficiency which means there are no redundant or duplicate tickets.
Below are the combinations (tickets):
1,4,5,6,8,11
1,4,8,11,16,17
1,4,13,14,19,26
1,4,16,17,19,26
1,5,8,13,16,19
1,5,11,14,17,26
1,6,8,14,16,26
1,6,11,13,17,19
2,3,7,9,10,12
2,3,7,12,21,23
2,3,7,15,18,20
2,3,7,22,24,25
2,7,9,10,20,25
2,7,9,15,18,23
2,7,9,21,22,24
2,7,10,15,18,21
2,7,10,22,23,24
2,7,12,15,18,25
2,7,12,20,22,24
2,7,15,18,22,24
2,7,20,21,23,25
3,9,10,12,18,24
3,9,15,21,24,25
3,9,20,22,23,24
3,10,15,18,23,25
3,10,18,20,21,22
3,12,15,20,22,25
4,5,8,14,17,19
4,5,11,13,16,26
4,6,8,13,17,26
4,6,11,14,16,19
5,6,8,11,19,26
5,6,13,14,16,17
8,11,13,14,16,17
9,10,15,21,22,23
9,12,15,18,20,21
9,12,18,22,23,25
10,12,15,20,23,24
10,12,21,22,24,25.
18,20,21,23,24,25
Try it and good luck.
In order to evaluate wheels for efficiency in monetary returns you need to backtrack them for a while. I used to go back for up to 100 games which usually gives a good idea what a wheel is capable of. Then you can compare with other wheels. And in order to do such evaluation you need to know in advance how many tickets you need to play for each wheel. That's why a wheel definition like "4 if 5 of 22" is not sufficient because it lacks the identification for tickets.
Aquarius