By "lower area smaller" I am presuming you intend to have the uphill side of the upper level on grade and the rest over the lower level. If you have a slope, and especially potential bedrock/ledge issues, this sounds reasonable. If you are not planning slab on grade for the upper level, you could let the excavated ground slope from uphill footer level to lower floor level, reducing the foundation retaining wall needed where floors overlap, and giving you tallish crawl space that can be developed as desired for storage,
root cellar, etc.
The slipform would be
concrete faced/filled with rubble, correct? 20" does sound like massive overkill for a one-story basement wall, especially if there is any reinforcement. Are you anywhere near the New Madrid fault zone? What sizes of stone are you expecting to use for the slipform facing? What thickness of cordewood are you looking at? The foundation doesn't need to be fully as wide as the cordwood; logs can easily cantilever a few inches or so.
I have some design reservations about the plan shown. What direction does your slope face, and how steep is it? The original plan has bedroom windows on only one wall when most of the rooms have double exposure allowing for cross ventilation, and there is no good
solar orientation for the window arrangement shown. It only makes sense for a narrow lot where you don't want views of the neighbors. The layout is also rather wasteful of space, giving a lot of square footage to entry and stairwell that is not shared with the actual living spaces. Unless you want a lot of gallery space, I don't see that expansiveness as a benefit. My opinion as an architectural designer is that this plan focuses more on a design statement than on occupant friendliness; perhaps original site conditions affect the details in ways that are not obvious. The general layout, of
course, can easily be tweaked as desired for comfort.