The Wanderers skipper has scored a Bolton career-best 10 goals this season, a feat made all the more impressive given the fact he has often had to ply his trade on the wing.
Davies has had the chance to venture further forward in recent weeks, partnering Johan Elmander, but Megson has told his striker that he may have to once again forfeit his place up front for the good of the team against Fulham on Saturday.
"I like Davo playing up front but in order to do that, we have to be strong in the middle of the park," Megson told the Bolton News.
"I have spoken to him about it, and if we play him wide on the right it gives us a great number of positives.
"But we are easier to play against as a result because we've only got the one up front.
"When we play with the two, then we have to become a bit stronger in the middle of the park than we actually are at the moment. We're forever trying to chop and change the system to try and get what we want."
Despite expressing his disappointment with last Wednesday night's defeat against Stoke, Megson is unlikely to ring the changes when Fulham visit the Reebok.
"We're not a big enough club with a big enough squad to be able to chop and change as and when the demands of different games require," said the manager, who reported no new names on the injury list.
"We near enough have to go with the same team. We can't use the rotation policy that the big clubs use. We have tried it in the past, invariably for cup games, and the results haven't been what you would expect."
Megson is desperately searching for some consistency to guide his side safely through the last 10 games of the season.
Victory on Saturday would put the Whites just a point behind last season's haul of 37, with a trip to struggling West Brom next up.
The manager, however, has warned of the dangers of looking too far ahead.
"We seem to have a habit of winning one, which all Premier League teams can do, win two, which some can, but not be able to win three on the trot," he said.
"Very few can, and we have had a couple of occasions this season where we should have been able to do that and failed.
"We have got to realise that two is great, but it should be a platform to go and push on from."