well considering you like to ride tiny speed boards you should be cool with riding low volume boards

I rode a board 10L less then my dry weight in Kg this summer. was super loose but my bung leg made it much harder than it used to be. I'm now on average riding boards one size up than i used to before and finding it so much easier with minimal performance losses.
is the board the JP radical 79L or the FSW 78L.
I had the 2005 80L radical wave and loved it to bits as my big board. I cant comment on the FSW much but know the 06 is more freestyle orientated than the 08 or newer ones as indicated by the tail bevels on the 06 and 05.
If your planning on sailing lots of Down The Line stuff (margs, gero, gnaraloo) then the radical wave style will suit well. But if your mainly going to be in Perth then the real world wave style board will be more forgiving and help bring your
I get your idea about being able to sail in nuking winds, but you will quickly find that if your all set up down the beach with ur 5.8 up and it cranks in a little bit more you WILL want to just rig up a 5.3, as opposed to taking your POS VW golf home to collect your speed kit then head to the river, then rig up. Now in summer without daylight savings after work you aint got a chance in hell of this happening. you Will end up with a 5.8, 5.3, 4.7 and a 80L and a 90L wave board on top of all ur wave gear!!!
However if it really is nuking in the storm fronts a 4.2 might be more suitable. I've been blown off the water already this winter on a 4.0. but in reality sailing when its that windy isnt much fun.
edit:
5.8 will be sweet on the 79. i ran that combo alot. 20knots will prolly have you moving round the break OK i would guess.