Bicycles and motorcycles are poor examples because front and rear brakes are modulated independently.
Curtis, you've got big rotor and small rotor juxtaposed on your graph. I won't debate the shape of the traces because they're not traces of real data. They serve to illustrate a concept, and in that they do have some value.
the specific example posed by the OP isn't a clean sheet design. He's already got a system (pedal, booster (?), master, front calipers and rotors and pads and tires, rear rotors and calipers and pads and tires).
Now, do we agree that the lockup deceleration due to the front brakes is governed by the front tires? (ie the brakes generate enough force to lock the tires)
and do we agree that the front tires have not changed?
ok, yes and yes, good.
Increasing front caliper piston area by 20% means that the front brake locking pressure will be decreased by 20%. If the goal is to brake up to just an RCH before front lockup, and there are no other changes made to the system, then the rears will be doing 20% less work because they're getting 20% less pressure.
So the total vehicle deceleration after the change will be:
[100% of what the fronts were doing before the change (because tire-limited)]
plus
[80% of what the rears were doing before the change (because 20% less pressure)]
So, less overall deceleration capability. Is that good for a race car? Probably not.
and because the total vehicle deceleration is lower, the total weight transfer in braking is lower, and now the front tires have less normal force available to use at turn-in. Is that good for a race car? Probably not.
now, 20% less hydraulic pressure means 20% less pedal force.
and 20% larger caliper piston area means 20% more fluid volume, which means 20% longer pedal travel.
so now we have to define what we mean by "easier to modulate". Do we modulate by force, or by travel? Hint: it's a little of both, and what is rated perfect by one driver might be rated dogE36 M3 by another. Pedal feel is the only part of brake system design that is subjective rather than objective.
still, the OP stated:
Compared to stock the wilwood piston area is about 20% larger. What will this mean in terms of pedal feel? Stopping ability? Will the stock proportioning be messed up?
and I've pretty clearly framed my responses to address those questions.