As a previous road racer and autocrosser, unsprung weight was king. I remember the incredible agility and traction afforded with my 15.9lbs O.Z. Superleggera 17x8 race wheels, over my street 18" wheels. For sports cars where extreme acceleration, braking, and handling was the focus, that's where my priority was.
I still am very focused on performance with the 200-series. Balanced performance that enables more capability. I absolutely agree there are impacts, including others like gearing and braking. But the impacts are not exactly as some have made them out to be, and more rubber may offer some better trades depending on ones use.
The primary impact of unspring weight is inertia. In 2 manifestations:
1) Rotational inertia
2) Dynamic inertia
Rotational inertia primarily affects accel and deceleration. For most 200-series drivers, the focus is not on rabid acceleration and braking. We want stump pulling power or power going up a hill, but not necessarily dramatic accel/decal performance to battle a track timer. More of the accel/decal impact is more attributable to gearing or braking leverage losses as a results of larger diameter tires.
Dynamic inertia, or unsprung mass. Yes, it does effect ride, but it doesn't have the effect to ride quality that some are presuming. Nor does it impact shocks and springs to a degree that's more than the weight of the vehicle itself. I've said this elsewhere, but my heavy 71lb tires and 38lb wheels rides like a cloud down the freeway. It also take ruts better than my OEM tires ever did. Big hits may cause more secondary motions as the tire rebounds slower. Mostly, a bad ride is not directly attributable to unsprung weight.
Less unprung mass has advantages indeed to traction and handling, as the tire can rebound quicker to follow high frequency bumps in the road, and maintain more traction. For off-road, It should equally be acknowledged that big (heavier) tires have great advantages because tires in themselves become a significant part of the suspension when aired down. The shock/spring suspension may not even have to react to corrugations or bumps as bigger tires can roll over and soak up a lot of things allowing the suspension to focus and deal with larger stuff.
Tire size is the defining factor when off-road, more-so than potentially a suspension lift. While a lifted rig riding high off-road may feel more invincible, it does nothing to lift the lowest point of the vehicle which is the rear axle/pumpkin. Tire size generally determines the class of capability, and the added weight that comes along with it may be worth the trades.
IMO, a recipe for better handling, ride, traction, and off-road capability is more tire. Less lift. 33-34" spec measurement sizes work great on this platform.
TL;DR Bigger tires are good, don't be afraid of the added weight.