Well, because 23/64 is larger diameter, that means it can be had in heavier physical and spine weights. The drawback is the larger diameter. A lip/change to larger diameter at the base of most 11/32 points where they meet the wood and the larger diameter shaft can cause a little more drag as it penetrates, which may or may not be enough to notice. And, because of the increased diameter, the center of the shaft sits a tad farther from the center of the bow, sometimes requiring a little more tuning finesse. And, to some, they just look and feel like logs compared to a smaller diameter shaft.