The diameter of the sway bar is only part of the story. You should check with the manufacturer about the rate of the sway bar.
Here are some tips from Tom Condran's book, "Performance Handling for Classic Mopars", which all of you should buy!
First, the rear sway bar is the final tuning tool for good handling. Drive your car without the rear sway bar in order to assess needs.
Second, the more power and the faster you drive, the less rear bar you need.
Third, bars come in different rates. Addco offers two bars for the E-body: 3/4" at 140#, 7/8" at 220#. Replace the end links with better units.
Finally, installation and setup is very important and you can do this incorrectly.