I don’t have a Hunter 37, but I think the answer really lies more in what sort of conditions you normally sail in.
I sail on the south end of Lake Michigan, and often have too much wind. Other days, I am blowing on the sail to try and get a breath of life into it.
My boat came with a 130 genoa, but when it was time to replace it, and after discussing with the sail lift, I decided to make it a 120. I was reefed so often (with the corresponding poor sail shape) cutting it down some made sense.
I sailed a lot this last season and was able to keep the sail fully deployed fairly often, and didn’t miss the extra sail area too often (Zi do have an Asymmetrical spinnaker to fly if I really feel like it).
My friends sail a Hunter 33 with a rather small, yankee cut jib. While they can see better than me with my deck-sweeper, I can often keep up with them or outsail them with my larger Genoa.
Greg