Most people tend to prefer large top-mounted fans but it's not as simple as "bigger fan = better". That's mainly because larger fans can't fit on the rear panel of an ATX/BTX power supply and compromises have to be made.
(When referring to the fan orientation, "in front" means the side with the "cutting" edge of the blades, that the fan sucks air from, and "behind" refers to the opposite side, which usually holds the stator and label.)
One of the compromises is obvious - a top fan takes up space inside the PSU which could otherwise be used for bigger heatsinks. The idea of course is that the better noise/airflow ratio of the bigger fan will make up for that - but the question is, is the bigger fan actually better in practice???
To start with, obstructing the front of the fan increases noise far more than the same obstruction behind the fan. I tested this myself with an (80mm, 2700RPM) NMB 3110SB-04W-B40. I didn't notice an increase in noise putting a wire grille behind the (otherwise in free-air) fan (though it no doubt reduces airflow) but putting the same grille in front of the same fan made it much louder.
So the PSU fan conundrum is much less clear-cut, noise-wise, than the size of fans elsewhere in the PC. My take on the basic configurations is this:
80mm rear fan
+ fewer obstructions in front of the fan (generally)
+ lower fan cost
+ allows bigger heatsinks
- lower flow capacity
80mm top fan (I'm sure there were a few PSUs with this)
The worst of all, with no benefits and all drawbacks.
92mm top fan (well, I haven't seen it recently but it was semi-common on some old PSUs)
Better than 80mm top fan but I still think it would be worse than an 80mm rear fan. I provided a poll option in case you prefer it anyway.
120mm top fan
+ higher airflow
+ marketing advantage
- grille placed against the front of the fan
- takes up space above the board
- part of the fan may have to be blocked off
140mm top fan
Even higher airflow, but retains the disadvantages of the 120mm fan and is the most expensive.