Originally Posted by
joeruge
36 tooth timing chain should work fine. Though theroretically you could go even smaller, it's not a practical way of saving weight, or possibly even cost of components. As the chainrings get smaller, chain tension goes up. So, parts do wear a little faster, including bottom brackets. This isn't a major factor at 36t, but it might be worth adding it to your cost calculations. Of course, I wouldn't know how to!
As far as I know chain tension is set by measuring chain sag, which is indepedent of chain ring size.