2014 Volvo V40 D4 (5cyl)
Yes. Not necessarily because of the size but because of the sidewall. Cars with higher sidewalls are almost always quieter than cars with low-profile sidewalls. I can vouch for this as my V40 wears 16" in winter and 17" in summer.Do 16" make for a quiet ride in respect of road noise?
if you are close to your tires running out, try getting a quieter set of tires. Otherwise, if it is really bothering you the 17" are a good downgrade as the tires get cheaper too!