Sounds like a discussion I heard at a software review meeting in the 1980's, except the target mentioned was 16k and the modern programmer pointed out that the traditional program didn't have comprehensive exception handling, and crashed from time to time in consequence.
Doing the job properly does require more code. As soon as you have got enough memory space to write looser code, you can write it in ways that make it easier to review, easier to debug or maybe even provably correct.
- Bill Sloman, Sydney