For comparison, the 4MOA dot is a lot smaller than the width of your front sight post. It doesn't determine your group size-- the consistency of your hold does. Aimpoint, years ago, did extensive tests in the field and determined that the 4 MOA dot was the best "all around" compromise.
I get asked this same question a lot, and I usually recommend the smaller 2 MOA dot. As stated, you can always turn up the intensity if you need the dot more visible. For more precision in slow fire, turn the dot intensity down, so that there is no "bloom" around the dot, and you'll see the dot outline with much more clarity.
Possim has a very good point too, in that you can zero by using the top of the dot as your strike point, a bit like the top of the iron sight post. There are no laws requiring you to use the sight in any specific manner. When shooting at a round bull's eye, for group, I print targets so the bulls are green (contrasting with the red dot) and sized such that I can center the dot and see a green ring around it. That's just one option, but it's only good for that very specific situation. In CQB, by contrast, it's just not that big a deal either way. We shoot clays using a center-dot strike also. That seems to work out fine, and in any case, the strike point is constantly changing with the distance.