The underlying question I have is if there are any advantages to having the larger wheels on a Model 3. The 18-inch wheels are already pretty big. Aside from the 'look' (which is subjective - I personally do not like the appearance of the larger wheels), do they actually do anything? Better handling maybe? Anything?
Obviously beauty is in the eye of the beholder but your judgment of the Aesthetics is definitely the minority opinion. I'm not saying you're wrong I'm just saying most people like the look of larger Wheels although I think twenty ones are too big for the car. 20s look great, 19's look okay but I think the 18-inch wheel looks too small but again this is all just personal opinion. What is not personal opinion are the trade-offs which I'll enumerate below.
CONS of larger wheel size:
1) greater cost for wheel and also for tire because you are talking about radically low-profile (35 and even 30 series and Below)
2) greater vulnerability to road and curb impact damage again for both Wheel and Tire.
3) greater unsprung weight. Although tire might be slightly lighter due to smaller sidewall, wheel is definitely more heavier than tire is lighter(and difference in tire weight is often times minimal when you compare tires of same tread width).
PROS of larger wheel size:
1) Aesthetics (with the above caveats)
2) somewhat greater stability of tread contact patch under extreme load - although this is debated by many. But shorter sidewall does mean a somewhat more immediate steering response to transient inputs. This is not debated.
You would be absolutely correct if you scan this list of pros and cons and come to the conclusion that the cons mostly outweigh the pros. However and again this is worth emphasizing, all the manufacturers of elite Sports Sedans and Exotics have gone to increasingly larger wheel sizes and radically low profile tires. In other words this is kind of a dominant meme out there in the sports car world. Whether that Meme deserves its unequivocal acceptance is another question. It's likely that the dominance of this meme is coming simply from aesthetics and a certain look that has become 'de rigour'.
In any case there's tons of discussion on this forum about how the OEM 20 inch wheels which are cast and heavy are not very sturdy and prone to deformation and even fracture from curb and pothole impacts. I've had several aftermarket wheels some of which have deformed but several of which have not because they were better made. So if you get a forged wheel from a good manufacturer you can mitigate some of the vulnerability to impact damage. A lot of that is on the driver to minimize the risks re: Wheel and Tire Damage from impacts, and obviously no wheel is going to tolerate impacts with curbs.