Changing tire sizes will likely produce some effects, maybe some good, and maybe some not so good. Like a lot of things about the smart, the designers had to weigh a number of competing factors in specifying tire sizes: safety, fuel economy, ride comfort, road noise, cost-to-build, wheel well dimensions, and even available sizes (we know that there isn’t a big selection available). Changing one factor will likely affect one or more others.
Increasing tire size may likely improve comfort because when properly inflated, the larger footprint requires a lower inflation pressure to bear the same vehicle weight. E.g., the current NA smart pressures for the 155/175 tires are 29F/36R. The proper pressures for the Euro pulse’s 175/195 tires are 26F/32R. Donno about the Euro Brabus 175/225s, but they are surely lower still. The downside of larger tires will be a loss of fuel economy due to greater rolling resistance and rotational weight. (A heavily “Brabus-ized,” G&K W450 owner admitted to a 10%-15% loss of MPGs due to its big wheels and fat tires.) There may or may not be greater road noise. Normal use handling may improve, but handling at the extreme may become unpredictable. (I found that my Caterham Seven “clubman” produced much better handling and faster lap times after I went from 195/50-15s to 185/60-14s. And a better, nimbler ride when driven off-track.) One thing oft overlooked when mounting overly wide tires on a light car is their tendency to hydroplane in wet weather. I know that the Euro Brabus is shod 175/225, but I think everything else was thrown out the window for appearance in that case.
It is all a matter of how you wish to re-balance your various factors.