Not sure if that matters--it's really old now, but I recall that the GMC big block V6's were oversquare and managed to make torque down low. Ok they were during the days of OHV and poor breathing, but I believe the thought of oversquare is to keep piston speeds and piston ring friction loss lower than with a long stroke setup.
Something that bugs me, trying to think about it, gasoline engine can only make so much pressure during power stroke--otherwise detonation is a risk. So for a given displacement, you can have a long stroke, but a small piston area for that pressure to push against. Or you can have a large area to push but less mechanical advantage from the stroke. Which is better?
[Quick look at the math, if you have a fixed displacement, if you increase bore by 10% then stroke has to decrease by 17%. But the length of the rings went up by 10%. So is bumping bore diam by 10%, and dropping stroke by 17%, lead to a 7% decrease in friction?]
As pointed out elsewhere, the same torque but higher in rpm is more horsepower, and thus faster to the top of the hill. With the attendant fuel burn of course, as horses don't work for free.