I would never have a drain smaller than 1". But that's just because I'm anal retentive and it helps me sleep at night knowing the hole's tougher to plug up, plus I like to give myself the option to upgrade in the future. :P
3/4" is going to do roughly 300gph passively draining your tank. Obviously you can push a lot more water through 3/4", but not if you're just letting gravity do the work ;)
1" drain is my vote.