You have to look at this from different angles. It depends what you are expecting it to do.
IMO, in terms of the overall biological capacity of a tank - I would say that we keep plenty of LR surface either way if you are keeping a reef tank or fish only with smaller fish. If you are keeping a predator tank, I would not even consider it without bioballs, personally, or more rock and a good skimmer.
But in terms of reduction of nitrate, well, that could be an issue with less rock (as it is with a shallow sand bed). In terms of keeping animals that feed on surface of LR (such as Fromia or Linckia stars) more rock is still needed.
In terms of structure/habitat well its clear there. For a fish, 5 pounds of rock with holes and good ability to stack would be far better than a big 10lb rock without any place to hide.
So there are lots of considerations, IMO. Porous rock is definitely desirable, but it might not necessarily equate to more of the more dense rock.