one of my previous careers, I used to make demin water at a rate of 150l/s 24/7 so am quite familiar with the process.
The more I think of it, the more I see the fine grinding as crucial, both for the reasons DVAP mentioned before about attempting to rupture the cell walls to release the alkaloids, and also for simple contact surface area. This is an inefficient process/solvent, so we are attempting to use as little oil as possible to gain as high a concentration as possible. the higher density of tobacco, the better.
When you add the carbonate solution, if you 'wet' the tobacco, you have used too much. We want the water totally absorbed in the tobacco matrix, so the oil is not displaced by water and we get the maximum amount of contact area for transfer.