All the variables you may think of affect the final product in any extraction or distillation process using any technique for any raw material input. Particle size is no exception. To what extent the variable affects the final output depends on other parameters playing rules simultaneously. Moreover, the interaction is synergic. Capturing the extent of the impact is not so easy if the playing input variables are not key players in certain extraction/distillation system designs.
In hydrodistillation, if all other parameters are not changed, the smaller ground particulates of agarwood will give away the oil more quickly than larger particulates. If you do not remove the oil at regular intervals, the final oil quality after full exhaustion of the different particular-sized wood would be almost the same chemically in theory. Some distillers say that the longer the distillation time, the more internal molecular interaction may happen, and some specific molecules may change negatively in terms of olfactory sense. So, without a holistic experimental design, nothing could be said about the effect of particle size in either direction with confidence in traditional distillation.
But interestingly, in microwave-assisted distillation or extraction processes, which do not follow traditional heat transfer law (outside of the pot to the inside of the pot), the particle size plays a very distinctive role. In this case, the result may defy common sense. In Microwave, the bigger the particle size, the quicker the extraction time, and the smell is simply amazing (evidence from my own experimental design). If the particle size is smaller, it will take longer, and the chemical composition profile will change due to the microwave's longer residence time.
I can not recall any partial-size experiment for CO2 extraction. Still, I guess for CO2 extraction, it will follow common sense: the smaller the particle size, the quicker the extraction time and the same quality (as temperature has little rule to play).