EUREKA! 
I think I've finally figured out my problem with the larger size thumbs in the forum threads.
Now I know I'm probably in the small minority of users who use a dial-up connection for web access, and I expect a certain amount of delay in loading web pages, particularly if it contains a good bit of graphics. But the load times on the threads since increasing the size of the thumbs have been a lot worst that I expected.
Now I do have my browser set to use a local 512 MB cache, which does help in re-displaying the images in a thread page I frequently return to, but loading any new images seems to take forever, even when the thumb is fairly small, and by that I mean much less then the current 400 by 400 resolution.
I've also encountered this other bug-a-boo where I can end up getting a partial thumb of some image in a post, and no matter who many times I reload the page it stubbornly refuses to load the missing part of the thumb.
Then while looking at this older thread on morphing Halle Barry
http://forum.bearchive.com/index.php/topic,455605.0.html I noticed that some posts had these double images in them, consisting of both a larger size version, and a smaller version of the same image. Anyway what I noticed is that the larger image loaded much more quickly than the smaller size one.
Investageting further I found that the larger version was always a JPEG file, and the smaller one was always a PNG file. That was when I realized that when anyone attaches a picture file to a post the thumb generated by the forum is stored as a PNG file.
Now what possible difference does that make, you might ask.
Well it turns out that while browsers can display image files in a PNG format, they don't do this as efficiently (read that as: quickly) as when the image file is in either a JPEG, or a GIF format. And based on some tests I tried I can say that for both Firefox, and IE 8.
So my question is: Why are all the thumbs that are generated in the forum threads stored as PNG format files?