As much as we may have our preferences and our good and bad experiences with doing things one way or another, there is no substitute for engineering judgement. Generalities may apply in the majority of situations, but there are always the exceptions.
Moving on to the original question and adding something to satisfy the engineer's desire to have reasons for our rules, let's think about the discharge of a pump. Exiting the pump is a highly turbulent, undeveloped liquid stream. The pump vendor is striving to offer a product that economically meets the specification, and a larger size discharge nozzle = more cost to him. The added cost does not equate to added value beyond the point where excessive wear or reduced product life is avoided. Once out of the pump, however, the engineer seeks the optimum size pipe, which typically would result in lower velocities and pressure drops. Thus the piping is typically larger than the pump discharge nozzle.
Late katmar, I'd almost say that this is ALWAYS the case, but if I did so, I'd violate the points I was making in my first paragraph. ;-)
Doug