Einar is spot on with the percentage difference. (21.518% larger) and conversely the 12.7mm version is 82.29% of the 14mm version. A = πr2 which gives you 1.5394 for the 14mm one & 1.2668 for the 12.7mm one. divide one into the other then x 100 to give you the percentage one is of the other.
However, percentages don't stop bikes, brake fluid does, namely a specific quantity of fluid being moved and able to exert 'x' pressure on the inside of the caliper to push out the pistons. If the stroke of the 14mm one is the same as the stroke of the 12.7mm one then you could expect the 14mm to be able to move more fluid (21.58% more) to the caliper than the 12.7mm one can, now whether this improves the issue of air trapped in the system? yeah dunno about that.