Smaller carburetors have higher intake velocity. This is obvious, if you're running at 3500rpm, the air will have to flow FASTER through a 36mm than it will through a 38mm, but it's not really "restrictive" yet at such low rpms.
That higher airspeed is the key. It gives you better throttle response, more accurate fuel metering, and better atomization of fuel for a better, faster burn.
Think about it. If bigger carbs were always better, than wouldn't we all be running around with 80mm carbs on our quads? Smaller carbs are restrictive at high RPMS, so obviously larger carbs perform better because they flow more. But at low rpms, when you're not flowing enough air to cause any real restriction problems, smaller carbs perform better.
Duncan Racing 340PV, +2 A-arms, +4 LSR axle, and a host of other goodies.