Quite possibly sticking my head above the parapet here but...
If you can use 53x11 for anything more sustained than spinning out downhill, you're in the top few percent of cyclists in the world. On a 700x23c, this is roughly 126.53 gear inches. (For those who don't speak in tongues... the bigger this number, the harder it is to push.)
For a sustained effort such as an IM, the best context is probably the hour record. Chris Boardman only pushed 56x13, equating to 113.1", and nobody setting the record has exceeded 113.8" (Obree in Hamar).
Most people just won't get enough USEFUL work out of big gears IMO, whether on a road bike (compact offers a better range for most when climbing) or a TT (think you can push an 11 all day? I'll bet my entry fee you can't!). Mostly it just seems to be d*ck-measuring.
Sur la plaque, ladies and gents...
Edited: 09/10/2012 at 14:33