The actual braking capacity is the same, since you have the same rotors and calipers ( I assume) .
I want greater braking capacity, and with larger rotors you get that plus less pedal effort, and there is more metal to dissipate the heat. Nothing worse than coming down hill at 85 mph and hitting the brakes and feeling them heating up and not slowing down so good.
I have 20's on mine, so if I could find a caliper, bracket, and rotor that was bigger, I would do it in a heartbeat. (for cheap)
It depends on how you define capacity and what you use your rig for. If you upgrade from vacuum to hydro (and don't change anything else), you will see a HUGE improvement in braking, but no improvement in heat dissipation ability. If you add in larger calipers and discs, those items will further increase the improvement.
However, just buying larger calipers w/o increasing the fluid being transferred to it will have negative consequences. The piston is larger in 3/4t and if you keep the same MC and vacuum, you won't change the amount of pressure behind the fluid...therefore lower binding pressure. It's the pressure on the pads exerted by the caliper that slows the disc down...lower pressure, lower ability to slow down (that's at least how I see it).
With your 20's, I would get bigger discs, 3/4t calipers (like you mentioned) and upgrade to hydroboost. If $$ was tight and you had to select the highest ROI, I personally think hydro upgrade would be a big improvement over larger discs...BUT the cost for a new/remanuf hydro + labor is considerably more then larger discs.
If you do a lot of downhill towing and you feel your pads burning up, on priority I would upgrade the pads and buy larger discs...saving hydro for another day.
If you go forward with this, measure the stopping distances for us (before/after)!!