For example in electron, positron annihilation $e^- + e^+ \rightarrow 2\gamma$ has 2 diagrams, whereas, $e^- + e^+ \rightarrow 3\gamma$ has 6 possible diagrams. This suggests,
$\frac{\sigma_{2\gamma}}{\sigma_{3\gamma}}= \frac{2\alpha^2}{6\alpha^3}$
where the $\sigma$ is the cross section and $\alpha$ is the fine structure constant. The indices on $\alpha$ come from the different orders of the processes ($e^- + e^+ \rightarrow 2\gamma$ is order 2 so $\sigma_{2\gamma} \propto \alpha^2$ and $e^- + e^+ \rightarrow 3\gamma$ is order 3 so $\sigma_{3\gamma} \propto \alpha^3$).
Is the equation above correct? Are there caveats for other processes?