I thinnk it's a practical matter - manufacturability.
The flow area through which the engine "breathes" would be the circumference of the valve, not its area, times valve lift.
flow area of valve = pi X diameter X height
cylinder head real estate occupied by valve = pi X (diameter/2)^2
Make it simple - look at one 2" valve vs two 1" valves, all having 1/2 " lift..
The two inch valve requires pi square inches of cylinder head real estate, and provides pi square inches of flow area.
The smaller valves provide the same flow area in half the cylinder head real estate.
So, when valve flow area becomes the limit on breathing, which would be at high RPM, switch to more and smaller valves . That way you can fit more flow area into available real estate.
Sound logical?