Thanks for the replies.
itavaltalainen - Yes the fronts will be upgraded to 312mm when the current pads or discs wear out.
Wayne - power wise I'm not aiming for much tbh, maybe circa 200bhp or a bit more. And that's not gonna happen anytime soon, but is the target.
After reading through the thread 'beppe2672' mentioned, it seems the mk4 race cars are also using the standard rear disc size, possible due to keeping weight down.
I think i'll look out for the weights myself and if there's a reduction go for it, if not i'll just stick to standard.