The reaction-diffusion performance for the Fischer-Tropsch reaction in a single cobalt catalyst particle is analysed, comprising the Langmuir-Hinshelwood rate expression proposed by Yates and Satterfield and a variable chain growth parameter a, dependent on temperature and syngas composition (H 2 /CO ratio). The goal is to explore regions of favourable operating conditions for maximized C 5+ productivity from the perspective of intra-particle diffusion limitations, which strongly affect the selectivity and activity. The results demonstrate the deteriorating effect of an increasing H 2 /CO ratio profile towards the centre of the catalyst particle on the local chain growth probability, arising from intrinsically unbalanced diffusivities and consumption ratios of H 2 and CO. The C 5+ space time yield, a combination of catalyst activity and selectivity, can be increased with a factor 3 (small catalyst particle, d cat = 50 mm) to 10 (large catalyst particle, d cat = 2.0 mm) by lowering the bulk H 2 /CO ratio from 2 to 1, and increasing temperature from 500 K to 530 K. For further maximization of the C 5+ space time yield under these conditions (H 2 /CO = 1, T = 530 K) it seems more effective to focus catalyst development on improving the activity rather than selectivity. Furthermore, directions for optimal reactor operation conditions are indicated.