I don't think he was saying 470 was too small for a 302 in general. Just that the Truck Avenger specifically is not designed to work with one, and that is per Holley themselves.
As soon as the TA came out several years ago most of us were buying the smaller one, based on decades of learning how to not over-carburet an engine. It took about a year before Holley began shouting from the rooftops to basically ignore everything they've been saying for 50 years and buy the larger 670 Truck Avenger for their mild small V8's instead.
I still don't know why this is, but that is direct from Holley.
I know of just a very few people who have been happy with their 470's, but they were not right out of the box either. Had to fiddle with them a lot, and I bet none of them were playing around at such high altitudes either. Or none that I knew of.
So yeah, even with all that I would still be tempted to get the 470 because I'm a "smaller is better" kind of guy when it comes to carburetors.
Maybe someone else knows why this should not be the case with the Holley Truck Avenger series too.
Paul