> There are other problems with an oversized system as well

(Not an expert but I've dealt with HVAC enough) Short cycling is another problem. The system cools the room air faster than the air can absorb heat from the objects in the room and the structure itself. This causes the thermostat to cut out prematurely. The air then quickly warms from absorbing heat causing the thermostat to cycle on. The room again cools too fast and thermostat cuts off. That constant on-off cycling can damage the refrigeration compressor. Plus like you said, the humidity is not controlled so the room is cool and humid which is much less comfortable (to me at least.)