Conventionally speaking, smaller bodied guitars with smaller waists and bouts will not be as loud acoustically as Dreadnought or Jumbo sizes.
They also typically won't have the booming bottom end of their larger counterparts. Concert and Orchestra sizes (there are many variations depending on manufacturer) excell at individual note clarity as opposed to full and rich sounding chords.
That makes smaller bodies sound more balanced for finger picking and softer, more delicate playing styles.
There are exceptions of course. Materials and bracing techniques can close the gap between body shapes to some degree.