Everything is negotiable

It's like the old debate: Owner A has a 4 foot tank they have tangs that are 'doing fine' - conclusion - a 4 foot tank is fine for tangs. Then Owner B comes up - they think a 4 foot tank is too small - and they have a 5 foot tank - and their tangs are doing great. Thus a 5 foot tank is fine for tangs. Then Owner C, D, and E with 6, 7, and 8 foot tanks respectively weigh in - with Owner E stating A, B, C, D all have tanks that are too small. This goes on ad infinitum - to the point where some people say 'tangs should not be kept in aquaria'.
Likewise, your sharks in the 8 x 4 tank would also do better in a 10 x 4 tank, etc etc etc. I guess someone will have to fill me in If you look at a reef or a shelf - in the ocean where the height is far deeper than any of our tanks (except perhaps in a zoo/aquarium) Do we actually know whether swimming space or tank water volume is more important - or are both important? Said another way - which tank is better - an 8 foot by 4 foot by 2 feet tall or an 8 foot x 4 foot x 6 feet tall with lets say a large rock wall?
EDIT - perhaps I'm reading the question incorrectly - swimming space implies the footprint of the tank, tank volume implies (to me) - the footprint and depth.