For skinny:
More room to clear the chassis and firewall at full lock.
Less weight of the tyre means less stress on the cv's and bearings?!?!
Able to dig down in the bottom of a bog hole to hit the hard stuff.
Higher, skinny tyre will give more dif clearance and a better approach angle.
they look better in a mini

Against skinny.
Not as much traction over rocks and dirt (big difference??)
Less foot print = more track damage (which i don't think is such a big deal in a zook as say a 2.5t patrol).
Feel less stable on the road and will take longer to brake.
Anything else?