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Single-transferable vote with multi-member districts is not really a proportional system. Due to the necessarily small number of seats per district, it favours the larger parties, though not by as much as first-past-the-post or STV with single-member districts.
If you consider the political dynamics of systems with open-list PR, closed-list PR and MMR, the difference actually isn't all that significant. The average person doesn't have the time to investigate the merits of each candidate, so in these systems most people vote according to party preference, perhaps also considering the charisma of its leader. Of these systems, MMR is probably the least effective, since it requires an electoral threshold (5% is chosen in both Germany and New Zealand) to keep the system workable. This electoral threshold again favours the larger parties, and skews the system away from proportionality.
The top of the global quality-of-life rankings is dominated by countries using open and semi-closed PR.