Gambaluga, have a look at the pics of the new Morgan 4/4 75th Anniversary Photos (in better quality now also on MMC homepage). It looks very classy. I guess she has the "thicker" steering wheel - in walnut?. I´ve had such a wheel in another Morgan (hope the pic has been uploaded).
For me, the feel and handling given was much better with more grip. I can compare because my Teal Roadster Sport came with the thinner rivet wheel. I changed it immediately against a Motolita leather wheel (also slightly thicker) for better grip - and ref the looks with black trim. But ergonomic needs may be a very subjective topic and I have quite large hands.