It's quite common for people to have more heating available than they usually need. A modern boiler will modulate its output down (reduce the flame size) to try to match the demand. This helps it run more quietly, and is more efficient than on/off cycling. Big radiators can be run at a cooler temp that little ones, which I think makes the room more comfortable.
Extra capacity can be useful:
- in abnormally cold weather, when it can cope with extra demand
- to warm the house up more quickly, for example if you are often away on business in winter (I found this, in the days before programmable room stats, which are fantastic).
- if you are uhaving several hot baths in quick succession, in cold weather, when the cylinder will be drawing heat and reducing that available for the radiators.
Good controls, especially TRVs and zoning, means that you will not often have to heat every rad in the house to the max at the same time.