The "bigger" thing is kind of interesting.It looks bigger than I thought it was; which is fine.
It's still not big.
From your descriptions, I presume I'd like the 700 better; and I think a clean, more open power amp is probably a great fit for the tube preamp; letting it's characteristics pass right on thru.
Cool stuff. Exciting.
This, and the wrecking ball deal. Cool cool cool.
Much has to do with cooling. I learned (from some great customers in very hot climates. "Thank you Sammy.") that a lot of cooling is a very good idea.
The size also has to do with what can be accomplished in a metal shop. The giant machines that build the faceplates have limitations as to how tight a bend they can make. When these were first designed, I stood in the metal fab shop beside the owner as he worked toward what I wanted. This is as tight as the curves could be built. Hence the top to bottom dimension.
In speaking with as many great speaker builders as I could, none of them made a cabinet smaller than the outer dimensions of the M700.
And it makes for a very stable base for whatever we wish to set on top of the M700.