I agree with your theory to some extent...
There are definitely places in my neck of the woods that I will pack the backpacking dredge into for some fun prospecting that I would never try if I had to hump a 4" in in pieces...
Now, that said if that place pans out I may decide to spend several days getting the larger dredge & all it's goodies in there. So in my opinion, the small dredge (like the 2.5: Dahlke) is never wasted even when you buy that 4 or 5" dredge. They are both tools in the tool box. Unless you want to spend all your time close to the truck. Then start big & stay there