Joe, your thinking
is logical but the advantage is nowhere near as much as you are probably imagining...
Firstly, I am assuming you are talking pure BIAB here (SMS brewing - simultaneous mash and sparge - full volume brewing

).
Let's pretend for a second that in your one and only vessel (your kettle), you are prepared to fill it to the brim (just over-flowing) for the SMS. What happens when you pull the bag?
The bag full of grist comes out and leaves a little bit of space but not that much. (That's why the guys above are mentioning the BIABacus as it shows all those measurements but it requires some study).
So, you pull your bag and there is a bit of space left in the kettle but not much...
Now think about using a cooler/esky that is larger than your kettle. What will you gain? Pretty much nothing. For example, with a 5 kilogram (11 pounds) grain bill, your cooler will only be of advantage if it is about three liters bigger than your kettle. Anything more will be a waste of space and this is a generous estimate for reasons I won't go into here.
...
The above might take a few reads to digest. Once you do understand it, then the prior posts in the thread will also start to make more sense.
This stuff is not easy* so don't be worried about asking heaps of questions Joe.
PP
* Very few people, even on this site, know that mashing in a cooler that is larger than your kettle is of minimal/no advantage. We still haven't worked out a nice analogy/visualisation/explanation for this so your first question on this site is certainly nothing to be timid about. It's a very good one

.
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