I like and respect Smokey, a lot (may he RIP), he even worked with Fords a little
and was a true innovator but, he did say, in one of his books, that he thought that the reason you could get more HP from a higher rod/stroke ratio, was because there was a longer dwell time, at TDC, building more pressure, for the down stroke.
Personally, I think, if there is more HP for the longer rod, it's because of less pressure on the piston to cylinder wall contact and less friction.
I know the rod length to stroke ratio has been around since, at least the '20's (probably before the turn of the 19th century) but, I look at it as a maximum angle.
A 317 Linc (3.5/7.062) has a 2.018/1 ratio, the angle is 14.35 degree, Jays 4.75/ 6.625 combo 1.395/1 and that angle is 21 deg.
What I look at for longevity is what NASCAR runs and that's 16.5 - 17 deg (9,300 rpm/500 mi) and for what will reliably work, I look a sprint cars 19.5 deg. and try to keep in those areas, striving for the lower angle and longer rod. Also, you can't deny that the sprint cars basic 1.015 C/H works on bores over 4".
Because what we talk about, is very subjective and opinion based mostly, I would like to see some dyno tests based on those perimeters, the FE would be a good test bed for it but, that old 317/368 Y block Lincoln with it's 10.94 deck height could yield more info but, at a much higher price.