For this example I used Acrobat 5.0 Web - Compact. I placed a Quick Ellipse, removed the border and applied gradient ellipse fill. PDF is 250K! Changed to solid fill and it's 1k. The third attachment is a result of staying up half the night trying different options

I eventually checked the "Render complex fills as bitmaps" box and this had the desired result (although I don't know what the side effects of this will be).
So I have now reduced my 34Mb document to 7Mb. Result.

Thanks for your reply.