I can agree that when transplanted correctly, which is very simple to do (even a caveman could do it) that going from one sized container to the next may be the best way to address the watering needs for differently sized plants.

That said all watering in a larger container for a smaller plant will do is make the roots stretch to where the water is. Which is good as it promotes a stronger plant as the tap root is unimpeded (it becomes impeded in smaller containers if you don't transplant soon after they break ground) and the tap is longer which studies have suggested is one of the most important aspects of a strong healthy plant.

If you watch the plant and know what to look for when the plant's saying "Water me!" there would be no problem watering to it's needs in a larger container. Even if some of it were absorbed to an area not used by the root system at that specific time.

But I can't imagine why a plant wouldn't live up to it's genetic potential when started out in a larger container and never transplanted. There's been a bazillion of them that grow to 10-12 feet tall and yield numerous pounds grown outdoors in the largest container (this planet) and grow to the maximum that their genetic makeup will allow.

If anything I would think that growing in a small container and having the roots grow into the bottom of a plastic pop bottle and twist and contort and then have to transplant it or else it'll die from being root bound would stress a plant more than growing it in the largest reasonable container and having that happen less would promote more of a chance to grow as stress free as possible.