Ted, I am not questioning your decision or taking issue with anything you said. But I just want to point out that bigger negatives offer more than just the ability to enlarge up to 12x16 or bigger.
To me, with bigger negatives you get more details that you don't miss when you look at the similar shot in 35mm *unless* you look at them side-by-side. To your point, I agree that in some shots, it doesn't matter, but for those that matters, the difference can be pretty glaring.
Secondly, the bigger negative allows me to control DOF in my shots in the manner that 35mm could not.
Most of my enlargements are 24x36 or 30x30 upwards. Some are as big as 60x60. These would have been much less effective with 35mm, even with your leica, zeiss and what have you. If one is only thinking of 12x16 then probably any good 35mm camera will do.