to the big tenon. There are those that believe the part of the barrel that meets the face needs to be larger than 0.900. (I am not necessarily one of them btw). There are good smiths in this sport that like the old #7 contour Shilens and R0 or Ross tapers also. IF that is the case and IF the barrel maker or person lapping the barrel laps it correctly with a taper, the situation changes. In my mind the big plus of the smaller barrels is our knowledge of tuning them. The R0 or Ross retains that. IF we now have that correctly lapped barrel we need to install it. When the tenon is cut, the barrel expands (if a button) and that may or may not be a disaster. Cutting a 1.200 diameter to 0.750 causes more distortion than going to 1.0625. In that case, the finished barrel on the large tenon will more closely resemble the initial shape. It also gives more surface area at a larger radius on the action face, in either case which gives better structural support. In the large tenon case, the torque in which you tighten the barrel to matters MUCH less.
All that being said, IF THE R0 OR ROSS TAPER BARREL IS LAPPED SUCH THAT IT LOOKS LIKE A PERFECTLY LAPPED 0.900 BLANK, (that's not impossible btw) I might go for the big tenon action over the small for:
1. more face contact and
2. less tightening torque distortion.
In the end, if I am going to build actions for the masses, I will build a 0.750 tenon IF the action design allows for it. (tough on center lockup). I may also build myself a large tenon and experiment though. The big kicker there is that I have the ability to lap my own barrels. Truth be told, on anything other than a straight 0.900, I rough cut the tenon before I lap it anyways for reasons listed above.