The size of tyre is very important - end of story (and im talking the better overall rolling diameter the better - width is not as important and can be a hindrance if low profile - the longitudinal footprint and approach angle of the tyre is the key (ie when comparing low pressure on say a 29 inch tyre to low pressure on a 31 inch tyre).
Cheers
PS. There is a big difference between sudden torque and gradual torque on sand...so no the V8 will not just dig a hole quicker. I am in no way bagging (no pun intended) the TD5 its just that the V8 has a slight advantage in sand...but by god it chews the juice in comparo' in the deep stuff. Just get the CDL fitted mate and im sure you will be fine...I opted for bigger higher profile tyres and mate the difference is insane...i went all over Fraser last year with a mate with identical tyres and both S2 V8 manuals same and in fact mines a bit heavier with LPG tanks and steel bull bar etc and his locked didnt have any advantage through really dry (no rain for months) indian head etc when heaps of people were getting stuck even with tyres down and we both had 25 pounds on each tyre - checked with same gauge.

