Not necessarily. A larger sensor with the same number of pixels will be more sensitive, it depends on the size of the pixels and how many photons they can intercept in the same time frame aka same shutter speed, assuming the iso remains the same. The iPhone 14PM has a larger sensor (9.8x7.3mm) vs (7.5x5.7mm) in the 13PM. However, it also has 48 megapixels vs 12mp in the 13PM. so the pixels are considerably smaller. However, in "normal" shooting when staying at 12mp, the 14PM will bin together 4 of the smaller pixels to make a single larger pixel which is then roughly 1.25 times larger than the 13PM. So, those binned "quad" pixels should have greater light sensivity. If you shoot in the pro raw mode with 48mp then you will have much less light sensitivity per pixel and poorer performance in low light conditions, again at the same iso.I’m not an expert on this but I believe the larger the sensor, the more it compensates for a slower aperture. That applies to low light as well as bokeh.
Regarding slower aperture, that is a function of the larger sensor. As sensors get larger, it takes a longer focal length lens to give a "normal" appearance to the photo, ie a 50mm lens is "normal" on a full frame 35mm equivalent sensor, but it is a 2x telephoto on a micro 4/3 sensor. Longer focal length lenses are more difficult to make in large aka fast apertures hence the slightly lower max aperture on the 14PM. If you stay in 12mp mode then this should not be a problem since the larger quad pixels will more than compensate.
Moreover, a slightly slower aperture is actually better for having sharper objects. The more you open the aperture, the more light you let in, which leads to some blurriness sometimes as well.
Letting in more light does not make things less sharp, that is a function of the quality of the lens. Yes, smaller apertures will give sharper over-all focus due to depth of field. However, that does not have anything to do with the sharpness at the point of focus. Larger apertures have a shallower depth of field, making accurate focus more important and leading to the out of focus highlights often described as "bokeh".I’ve been shooting on my Sony A7III for many years now, so I when I say that letting more light in and opening the aperture more creates some blurriness as well, I know what I’m talking about.