Arlo I'm about the same size as your wife and sail in both wave and slalom conditions. If the water is flat you can get away with more volume (I've been using 85Lt board for river sailing 12-30knt as they didn't make smaller... just got a new 76 though

).
Waves is another story... I tried a 50-55ltr custom Stone board a few years back and was stoked with the extra control... no longer bouncing around bottom turns. Now thats my high wind board, and I have a 65ish for light winds (with a 5.0 can plane in around 12kn).
If you can get your hands on something smaller (may be try around a 65ish at first), then I think she might enjoy it... with that said it all depends on what level she is at and how comfortable she is on the water.