Unlike many things when it comes to carbs, bigger is seldom better. The bigger the carb, the less pressure difference between the fuel bowl and the point at which the air flow passes the main needle jet orifice. The less pressure difference means that there is less of a 'signal' to allow fuel to flow from the fuel bowl into the air flow. Too large a carb will result in a flat spot when the carb transfers between pilot and main fuel delivery system. Also due to the lower air speed through the carb, atomisation of the fuel mixture will be poor, resulting in reduced horsepower. If you have to make a choice between larger or smaller carbs, go for smaller every time, and then fine tune the delivery of fuel using the jets, airscrew, needle etc...