Smaller chainring means you might run out of gears for extra top speed going downhill or on the flat, larger chainring means you might run out of gears to get up an incline and are forced to walk up hill with bike. 😉
My Wazoo is 1×8, on the flat (unless headwind), I’m typically using 34-15 or 34-13 when exerting myself.
Up a short ~2min ~6% road climb, I will typically use 34-23 (4th gear) or 34-20.
8th gear 34-11 only gets a look in when going down a decent descent, not helped by the big jump in effort from 34-13.
First and second gear (34-30 and 34-26) pretty much only get used on off-road inclines, which doesn’t happen that often for me.
In many respects, for the riding I do, it would make sense to source a bigger chainring (36T, 38T, 40T). However, my issue is, the On One Ringmaster is the only n/w chainring I know of that lists 8-speed officially and 34T is their largest size (I’m kind of tempted to buy one of those cheap £10 Superstar ones to try).