This is only speculation, so take it for what its worth. I think one of the benefits of running a smaller filter is its higher burst strength. There are two reasons why I think this to be true:
1) Depending on the manufacturer, they may be stamping all or some of their filters out of the same sheet of metal, so a taller can will result in a thinner can. This is almost all speculation, and I have no facts to back this up.
2) This is less speculation, and more fact based on math: A taller can will have more surface area, and therefor be under more stress at the same PSI rating. The amount of force on the inside of the can from the oil pressure increases with the surface area. Using the formula: 2 π r2 + 2 π r h, and dimensions from the Purolator website, the FL-280 equivalent has 144.5 sq in. of surface area, the FL-500 has 118.7 sq in. of surface area. Assuming a normal cruising (2500rpm) oil pressure is 45 psi, that means that the FL-280 has 6504 lbs of force spread over its walls, where as the FL-500 has 5341.5 lbs of force. The difference between the two increases as the RPMs increase. I know people who race cars use the smallest filter possible to decrease the risk of a blow-out. Some even use hose clamps to keep the can from stretching.
That being said, most oil filters have a bust rating of over 300psi. The engine's internal bypass should kick-in well before that. If you get a well-functioning Duratec to burst the can on RPMs alone, I will eat my hat.
In a real world setting, I see no issue with running a longer oil filter.