One wonders why you are doing this - it is the boiler in your system that is the most important link in the 'efficiency' chain.
If you are doing it on 'efficiency' grounds only - don't.
If you are doing it because the rads are starting to show signs of rust spots (rusted through from the inside) or they look manky (technical term) then that's more understandable.
What makes modern rads more efficient than their older counterparts is the increase in metal surface area, coupled with the design that encourages warm air to be drawn from the bottom thro' the fins of the rad (hot air rises), creating a nice warm heat flow from bottom to top that 'sucks' the thermal energy from the rad.
So in theory you are right.
But if you replace with a narrower rad, what are you going to do with the standing pipes that fix to the ends? These are going to look pretty silly if coupled with a straight horizontal length of pipe into the new smaller rad.
With modern systems including the use of TRVs on them, all that happens if you over-egg the size is that it gets to the set temperature quicker then the TRV turns it off.
I'd make life easy on yourself and replace with a similar size, assuming the heat output to date off the old ones has been satisfactory (and you do actually need to change them in the first place).