Smaller, its what is refereed to as a Stage I .
T3 Stage I 2.319"/1.90" = 48.26 mm ( stock turbo)
T3 Stage II 2.559"/2.122" = 53.89 mm
T3 Stage III 2.559" / 2.228" = 56.6 mm (Precision T31)
T3 Stage V (T350) 2.795" / 2.437" = 61.89 mm (Precision T350)