Ok, I'll take a stab but just to get you started. Im not an expert at this by any stretch so take it as food for thought, not gospel.
There is no advantage in using a bypass cap of a higher voltage than required ( than the cap you are bypassing). In fact, if Im not mistaken, higher voltage caps may even be a disadvantage over using a cap with a lower (but still ample) voltage rating (related to higher inductance of the larger/higher V caps compared to the smaller lover V caps).
There is the possibility of audible resonance when bypassing a larger value cap with a small value (because of interaction with the inductance of the larger cap) . Not sure if it's really, normally a problem because bypassing seems to be the "norm". Ive read it argued that it would only occur at frequencies well above the audible range and then arguments that it can indeed be audible.
The ratio between bypass cap and cap that is being bypassed is of much debate. 1/100, 1/10, 1/1000, multiple bypass caps ... seems like there is an argument for any and all of them.
Remember, this is all general stuff from my laymens grasp. Im sure Ive missed a lot and I dont understand all the tech. aspects of it. Others will jump in and correct me or elaborate, or both.
But here is a thread on the forum that discusses some of this to get you started ... http://www.bottlehead.com/smf/index.php/topic,1723.0.html