Even if what you are saying is true and I don't agree that it is I still end up with a 6000 X 4000 max res file at 14 bit while you end up with a 5184 X 3888 max with 12 bit depth on M43. If you go to the A7R IV it extends to 9504 X 6336 max res at 14 bit. I can use the A7r IV in APS-C mode and get a 26MP file that for sure has better IQ than M43 and is better than most APS-C cameras.
I was both a 43 user and a M43 user for years so I understand the differences. I still own an E-3 and a EM-1 II cameras with a verity of lenses but with the exception of the 300mm F/4 for its size I no longer find any upside over FF. I would prefer a so called full frame camera in the 4:3 format because it is better to me than 3:2 but that is a discussion for another day.
I have also used the M43 kit lens, 14-42 with WWL-1 and I have used A7R IV and A7C with WWL-1 the quality on FF is excellent. I like the WACP-1 but with the Sony 28-60 zoom you have choices on any Sony FF camera regardless of the number of MPs.
The 14 bit issue is probably going to go away some time soon. 4 megapixels mean very little today as the target is online with max 2 megapixels
Which is why as you said 20-24 is enough
I shoot a lot people landscape deer birds fish night scapes long exposures
The use case for full frame is mostly prime lenses not long tele not wide end
If you wanted lots of megapixels sure but nobody bothers plenty of event onto gro downgrade to shooting low megapixels or even jpegs to avoid 45mb files
I make some nice A3 prints of all sorts there is not a lot to complain
I do prefer shooting people with full frame though is more organic and real but underwater shots are better than life mostly
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