if using large log files and archive of log files, you have to wait longer for the file be archived. If disk crash occures, the large log file (long interval) will be lost. if smaller log files only some small log files ( shorter interval) will be lost and recovery is closer to crash.
archiving takes also longer..
if many update/ins/del in db, might be better to have larger files, otherwise overhead for each time create/archive log file