Martin DT, has fitted a rear sprocket with 2 less teeth. That gives him a drop in revs of about 5%. Incidently, as the speedo is set to run some 5% fast, you get a more accurate spedo!
As the front sprocket wears about twice as fast as the back sprocket and as the quite large chain has to turn quite sharply to get round the present front sprocket, I would not advise changing the front sprocket.
If you are thinking of doing even gently off road work, the higher bottom gear will have you slipping the clutch even more than you have to at the moment.
Every bike I have ever ridden, there has been occasions when I had felt the need for an extra gear. I think it is just the nature of things.
Personally, I would not be prepared to give up even 5% of that top gear ooomph!
p.s. Redeye, I think you are getting confused - passed-it is on another list

I have just read this again!
Of course reducing the teeth of the front sprocket will lower the gearing.
To raise the gearing you would need to fit a larger sprocket and there is not enough chain clearance to fit a larger front sprocket!