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Not really. Larger page sizes mean more potential for wasted memory and it has had a long standing memory leak in some core component to where even Calculator can cause an OOM event.
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GP is pretty accurate in my experience. Up until last year I was still running an Intel MacBook Pro with 8GB of RAM and successfully multitasked with Blender, Illustrator, Unity, VS Code, and Firefox quite often. The math doesn't make sense, but all stayed responsive even with frequent hops between them. The only OOM events I ran into were memory leaks from Firefox, I believe from an extension.
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There's nothing particularly interesting about that. Linux distro-of-your-choice can run the equivalents fine, as can Windows.

Browse /r/macos if you dare to wade into the uninformed cesspool; it's full of OOTB apps causing OOMs (among 3rd party apps) with the past at least two major versions of macOS.

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