There'd still be flooding, and it would still be bad, but a certain degree of flooding was avoidable.
A city that gives planning permission for a development that is probably going to be destroyed with loss of life in the next hundred years is not serving people well.
I know I didn't really answer your question, but these models were made to represent fields and swamps. So yes, I believe there are lots of studies on large scale effects.
Soil Type & how deep of soil effects how much water the ground can soak up & how fast the water will run. All would be slower runoff than concrete.
Also the slope of the land would make a difference.
These are just the obvious ones. Bottlenecks, whether created on purpose or not would have a huge impact. Where I live we have large snowfall in the winter which creates ice jams & flash flooding in the spring.
I personally like the idea of this.
Think of it like a building being evacuated though a stairwell. Being say 10 vs 11 floors can make a significant difference in average wait time. Except average weight time is equivalent to the height of flood waters.