This is taken (paraphrased slightly) from what I think is a very good description of
the differences:
http://www.v-twinforum.com/forums/twin-cam-engine-mods/117640-bore-vs-stroke-yeilds-what.html#post1289498
>>
A
piston engine is undersquare or longstroke if its cylinders have a
smaller bore (width, diameter) than stroke (length of piston travel).
Oversquare is the opposite.
Undersquare engines
These
produce strong torque at low to mid range rpm's because of the
"leverage" advantage of a longer stroke. But, undersquare can be a
negative trait, since a longer stroke usually means greater friction, a
weaker crankshaft and a smaller bore means smaller valves which
restricts gaseous exchange; however, modern technology has lessened
these problems (explanation?). An undersquare engine usually has a
lower redline, but should generate more low-end torque. In addition, a
longer stroke engine can have a higher compression ratio with the
same octane fuel compared to a similar displacement engine with a much
shorter stroke ratio. This also equals better fuel economy and somewhat
better emissions. Going undersquare can cause pistons to wear more
quickly (greater side-loads on the cylinder walls) and can cause ring
seal problems and lubrication problems; with increased loads on the
crankshaft, pistons, the piston pins, connecting rods, and rod bearings
(due to piston speed). In general, a longer stroke leads to higher
thermal efficiency through faster burning and lower overall chamber
heat loss. A longer stroke will have greater port velocity at a given
RPM, more torque due to more leverage on the crank, will achieve it's
greatest efficiency at a lower RPM. Smaller combustion chambers are
also more efficient, with the flame front having a shorter distance to
travel- this leads to being more detonation resistant, and having an
advantage for emissions.
Oversquare engines
These
are generally more reliable, wears less, and can be run at a higher
speed. In oversquare engines power does not suffer, but low-end torque
does - it being relative to crank throw (distance from the crank center
to the crankpin). An oversquare engine cannot have as high a compression
ratio as a similar engine with a much higher stroke ratio, and using
the same octane fuel. This causes the oversquare engine to have poorer
fuel economy, and somewhat poorer exhaust emissions. Breathing is an
important advantage for oversquare engines, as the edges of the
valves are less obstructed by the cylinder wall (called "unshrouded").
The big bore can fit larger (or more) valves into the head and give them
more breathing room.
With shorter crankshaft stroke (and
therefore piston travel) parasitic losses are reduced. Ring drag is the
major source of internal frictionand the crankshaft assembly also
rotates in a smaller arc, so the windage is reduced. Oil-pressure
problems caused by windage and oil aeration are lessened.
----------------
It
also states that 'engines used at sustained high rpm are usually better
suited to running with less stroke and more bore (oversquare).'
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