We introduce an improved fiber figure of merit (FoM) in order to compare different fiber types used in uncompensated links for transmission of coherently-received modulation formats. The role of fiber dispersion in enhancing system performance is shown and verified by simulations and experiments, confirming the need for the inclusion of dispersion parameter in a FoM definition allowing to compare fiber types with relevant different dispersion parameters. Applicability of the proposed FoM has been demonstrated for channel spacing from the Nyquist limit up to 5/3 the symbol rate.