Yes, absolutely.
While DXOmark has yet to publish the graph for iPhone 15 plus (or even last year's iPhone 14 plus), we will use iphone 12/ 13 as reference. For their dimming methods are quite similiar. (Though iphone 15 plus' has slightly higher modulation %. )
What we
really have to examine is whether does each of the "slim cone" wave exceed -50db.
If we examine iphone 12/13's, we see that the first 4 cones did not exceed. Hence it should not cause problems for those that are less sensitive to flicker.
View attachment 2288061
However, with the 5th cone onwards we see that the "slim cones" gradually exceed the -50db threshold.
This is where it becomes problematic.
With the Fairphone 5 (earlier), we see that the slim cones are sitting nicely below -50db.
Besides, a PWM panel is easier to mitigate the effects of PWM flicker compared to lower frequency hybrid dimming(all of Apple's recent iphones)
That is because with PWM panels we can manually avoid PWM triggers by setting brightness above the PWM brightness trigger threshold. Then, we can use screen overlays, Android's Extra Dim etc to reduce brightness ~ while not triggering the PWM.
However, with lower frequency hybrid dimming (as with what Samsung and Apple have implemented), PWM has now been merged and bonded permanently with the device's DC dimming mode. Your hands are literally tied behind your backs on this one. I can say that even Motorola's OLED phones are also using this implementation. Though they do have better optimisation compared to the other two.
Again, you'll have trouble creating a workaround with hybrid dimming as compared to PWM panels.
Additionally, Fairphone 5 runs at a higher 1440 hertz. Assuming that modulation depth %, duty cycle %, and waveform type are similar and constant, a higher frequency will alway be superior to a lower frequency.
While iPhone 15 plus may indeed have the advantage over Fairphone 5 while at 100% brightness, it loses out in practicality since no one is going to use at 100% brightness. Besides, the Reduce White Point hack is no longer as effective because Apple has changed the dimming implementation to have greater control over it.
With the above three factors in mind, Fairphone 5 is better than iphone 15 plus.