You need to consider the voltage ratings of the resistors, generally higher wattage resistors have higher voltage ratings.
You also need to consider reliability, designers with only theoretical experience often put resistors in series as shown - these tend to be VERY, VERY unreliable. Resistors in series in this way commonly tend to go high or O/C, as new TV's, VCR's etc. were released you could predict which ones would have failing PSU's because of the use of resistors in series.
If they are specifying particular sizes of resistors it would be foolhardy to make them smaller!.