Tests strips are your friends and they save paper.
Ideally, a test strip would be made from the same paper being used to make the print since papers can vary from batch to batch. I'll cut a piece of large paper into three or four strips lengthwise (three for 11x14, four for 16x20, etc.). I use my proofs to determine a starting contrast setting/grade and make a strip. I base my exposure on highlight values, so I'll find the strip with the highlights I think I should start with and look carefully at contrast. If I think the contrast needs changing, I'll make a rather large change and make another test strip. I can often then extrapolate a starting exposure if the contrast I want is somewhere between the two strips. I'll then make a first full-size print, which 99.99999% of the time gets thrown away, but is close enough that I can determine which changes and manipulations I need to make for the subsequent prints. I'm happy if I get a final print by print number three.
All that said, I can see using the exact same paper in a smaller size for test strips as long as the paper is fresh and from a manufacturer with good quality control and consistency (so the batch variance is minimized), e.g., using a couple of strips from an 8x10 sheet strategically placed when making a 16x20 or 20x24 print. The first straight print is just another test and gets tossed anyway, so that might save paper in the long run. A comparison between sizes shouldn't be hard to make quickly.
Best,
Doremus