In reply to Pesda potato:
A higher bottom bracket makes the bike a tiny bit less stable, as it raises your centre of gravity, but if you're going to run rigid forks, then you're presumably not planning on pushing the limits too much... In reality, though, the difference won't be quite as much as you've stated, because the real difference in diameter of the two wheel sizes is actually less than the nominal 1½", - the tyres you run could make almost as much difference, themselves.