A small growing species or hybrid I lean more towards 1/4 - 3/8". They do like to dry a little between waterings.
But with the skinneri types, Auburn, Shoalhaven and the like, I would go 1/8 -1/4" Ted. We had people in the NE area that grew these and the very best had fine media. The bulbs really got large and plump. I remember seeing a Shoalhaven hybrid with 9 spikes on a bulb! I saw a beautiful skinneri on a bulb that was one third the size and it had a single flower. Judges made the point that to get a better flower count, they needed to get those bulbs bigger. Some tried a mixture of one half seedling mix and one half sphagnum moss.