These are obviously very rough figures, but you'll get the idea...and the 210l tank is your baseline heat loss, so we'll reference all the heat loss calcs from that...
Vaillant 210 loses 1.9kw/24hrs, costs £760
vaillant 310 loses 2.4kw/24hrs, costs £860
take gas at 10p/kw with 0.5kw extra heat loss of the bigger tank
0.5kw=5p/day
5years of 5p = £91.25
Both cost the same to fit - lets say £300
210l: £760+£300=£1060 over 5 years
300l: £860+£300+£92 = £1252 over 5 years
or 200quid more.
If you go option 1, you're then going to install another tank, lets assume the smallest they do 155l at £560 and 1.4kw heat loss at 14p/day
155l: £560+£300+£255 = £1115
so over a 10 year Total cost of ownership (TCO)
210l tank for the first 5 years, 155 l for the second 5:
£1060+£1115 = £2175
310l tank for 10 years (including 10 years of addition heat loss over the 210l)
£1252+£92 = £1344
or 800quid cheaper
as Mfarrow says most heat loss is at the fittings which you'll double when yo install two cylinders (a 155+155=2.8kw heat loss, a 310 is 2.4kw)
my Telford is surprisingly cool to the touch everywhere except the bits that stick out of it...hot water pipe comming out, immersion heater, safety valve etc...
Buy the biggets you can get in assuming the floor can take the weight...