The problem with a -4 line is that the interior surface area is greatly increased. That means more change in volume for a given pressure, which translates into a more mushy pedal. I know of no racing brake mfg who would recommend anything other than -3 or 3/16"
In one foot of -3 or 3/16" tube there is 4.8 square inches of surface area. In a -4 or 1/4" tube there is 9.4 square inches of surface area. Almost double the surface area.
Pressure is pounds per square inch, so more surface area means more stress on the tube since the force on the tube is the pressure times the area. Same thing as with putting on calipers with larger pistons to get more clamping force. This is why as the diameter goes up in any hydraulic tube type it's working max pressure goes down. The tube used in brake lines is only .030" thick. At 1200 psi the 3/16 only has to deal with 5,760 lbs-force while the 1/4 has to deal with 11,280 lbs-force.