@big_D RE "..........I don't see how 26GB is too little........"
As Fuzz points out just above your post it is driven by the way the storage is divided up in some of the Lumia phones contra others. From the horses mouth:
"Some context on why we chose these and not higher end phones like the 930/Icon or 1520: We have a feature that will be coming soon called "partition stitching" which will allow us to adjust the OS partition dynamically to create room for the install process to be able to update the OS in-place. Until this comes in, we needed devices which were configured by mobile operators with sufficiently sized OS partitions to allow the in-place upgrade, and many of the bigger phones have very tight OS partitions.
Note that this doesn't mean that Windows 10 will take more disk space than Windows Phone 8.1, it's just a function of the upgrade process at this point. Once the partition stitching feature is completed, many more devices will be supported."