Crap, my fat fingers just trashed my brilliant reply. Have to settle for this one- If you look at the data sheets for a given cap series, the higher voltage parts will have the lowest dissipation factor, at least to a point. I often take advantage of this and use 35-100 volt parts in much lower voltage circuitry. I've seen no downside whatsoever. That said, I'm not fully convinced that it's a good idea to use high voltage parts, say 250-500 in low voltage circuits. I've seen old caps that can't support any more voltage than what they were run at for decades, without large and destructive DC leakage. Of course, you could just call them bad caps that have reached the end of their lives. There's also the size and expense issue, and they don't have the performance advantage that you get with a moderate voltage increases when working under 100 V. There seems to be a sweet spot with capacitor performance between 35 and 100 volts, but above that you might see the dissipation factor stay the same or even increase. Always check the data sheets for the specific behavior.