The addition of spacing layers in organic photovoltaic cells (OPVs) can enhance light absorption by optimizing the spatial distribution of the incident optical field in the multilayer structure. We explore the optical spacing effect in OPVs achieved using a diluted electron acceptor layer of C60. While optical spacing is often realized by optimizing buffer layer thickness, we find that optical spacing via dilution leads to cells with similar or enhanced photocurrent. This is observed despite a smaller quantity of absorbing molecules, suggesting a more efficient use of absorbed photons. In fact, dilution is found to concentrate optical absorption near the electron donor-acceptor interface, resulting in a marked increase in the exciton diffusion efficiency. Contrasting the use of changes in thickness to engineer optical absorption, the use of dilution does not significantly alter the overall thickness of the OPV. Optical spacing via dilution is shown to be a viable alternative to more traditional optical spacing techniques and may be especially useful in the continued optimization of next-generation, tandem OPVs where it is important to minimize competition for optical absorption between individual sub-cells.