Yes. There is such a thing as too big. Air velocity is just as important as volume. Too big, air moves slower. It’s about efficiency.
What Boss said.
To elaborate:
I had done a bunch of reading in the past...one of the items discussed was a giant Kenne Bell intake and throttle body (TB; a Mammoth of some sort) that had a giant oval monoblade throttle body (instead of a pair of round butterflies like most TB's normally use). The consensus was that it is great for drag racing only, but for daily driving or around town, it was too difficult to control....not enough "fine" control of low airflow.
There is certainly merit in having a giant air filter, inlet tube, and un-restrictive elbow on the blower, as all of those things - at WOT - allow you to get max airflow (and a commensurate amount of additional fuel)...the more you can jam into the cylinders efficiently at the proper A/F ratio, the more power you make until you hit the limiting factor. The engine / blower is just an air pump to the intake system, so at some point, having a bigger intake tube does you need good - as the engine / blower cannot ingest any more air than what the intake is offering.
The only way to tell if you are limited by the intake would be to add a bigger intake and / or throttle body (or both) and see if you make gains on the dyno or strip - while still maintaining drive-ability.
I do know for a fact that on a 2.3 TVS equipped car, there ARE gains to be made with a higher-flow blower inlet elbow and a Ford Racing 65MM or VMP 67MM throttle body if you are on a GEN I TVS (20-30 HP). Later generation TVS blowers have a high-flow elbow integrated into the case design. You can use any good quality high-flow air intake tube to feed that throttle body and elbow combo. Some guys use a GT40 inlet tube; some use a big JLT.
I have a 65MM and a VMP ported elbow that I'll be running when I drop in my forged stroker.
EDIT: Since you are on a 72MM TB already, an elbow should be the next upgrade - if applicable to your current blower.