It can be bet to death and probably will again.
If you just take basic physics and apply that to each.
The
force exerted on the piston is
Pressure x Area. Increase either one of those and more force is created. Increased area (bigger bore) with the same pressure or increased pressure (boost or compression) with the same area. either one will create more force or power.
A longer stroke creates more
leverage as the crank arm is longer. The rod connects farther from the centerline of the crank.
Which one of those options can you utilize more effectively? That will be where the debate begins. There is a limit to how big of a bore you can get. Cylinder wall thickness and cylinder spacing. There is a limit to the stroke due to the block. Can it clear the pan rails and the bottoms of the cylinders. And how tall the deck is limits this.
In my opinion. The bigger bore scenarion is best. You can have more force exerted on the piston and the force can be exerted longer to the crank due to rod lengths remaining loonger. More stroke is good but most of the force is exerted to the crank long before it rotates 90* and the point of maximum leverage is present.
Each have their effects on airflow as well but maybe someone else can type all of that up.