Ah! Could I ask this just for safety:
- I have a 128 GB model.
- iCloud Photo Library with optimised space is enabled.
- Settings > General > iPhone storage tells me that Photos takes up 29 GB of space.
- That tips the storage I use over the half-way mark: I use 85 GB. Without the photos that leaves 56 GB of other stuff.
If I get a 64 GB model and attempt to install a complete backup of my current 85 GB - of which Photos take up 29 GB - would iCloud Photo Library automatically realise what I was trying to do, and move most of the 29 GB of photos up, up in the cloud?