I switched like you... went to 18/19 CCW's with the "new" C6 EMT's. Rim+tire weight increased approx. 5 lbs per corner.
My rolling diameters are nearly identical, so insignificant change there...
-Torque
Slight decrease as rolling diameter is larger by small percentage (negligable)
-Fuel Economy
-Spent Energy
Similar topic... given larger diameter, negligable improvement.
-Speed (overall horsepower)
Giving up a bit of HP due to unsprung weight increase.
-Revolutions
0.2" increase with rear tire will decrease RPM at given speed...
When the speedometer reads 65, C5 is travelling 65.5 mph.
-Momentum
-Acceleration (off the block, and WOT)
Less sidewall and more unsprung weight will decrease overall performance slightly.
So.... to sum up what I considered when doing this:
Larger wheels and tires look better. Less sidewall will help handling in corners by decreasing sidewall flex. Ride will suffer for same reason. Wider tires will hurt fuel economy because of increase in rolling friction (larger contact patch).
Bling and handling improvement = happier owner. Your results may vary.

Chuck