This m43 vs FF size comparison argument is as old as m43 itself.
It seems to me that whilst you can cherry pick to prove almost any point you want to make, in practical terms m43 gear is generally smaller, lighter, and cheaper than FF when it comes to building a practical, real-world, general purpose system. Sure, the m43 lenses will have a smaller "DOF and light gathering equivalent" f-stop (i.e., an f2.8 m43 lens will deliver the same DOF and "total light" as an f5.6 FF lens); but most of the time that doesn't matter since there is enough light to use a low ISO and few scenes require wafer-thin DOF.
But there will be specific use cases where one or the other will be the better choice.
For example, if you really need to shoot in low light and/or deliver wafer-thin DOF, then FF will win out. Just look at a size/weight comparison between the Olympus 25mm f1.2 and the Lumix 50mm f1.8 - and the Lumix lens is still a half stop faster in equiv terms; and the FF sensor will deliver lower noise. It's really game over.
For wildlife/sports then reach and speed become the issue. When it comes to reach, the cropping argument works to some degree, but until we get to an 80Mp FF sensor, 20Mp m43 still wins in terms of pixels on the bird. Now try getting an 80Mp FF sensor that will pump out frames at 120 fps (which is what the stacked sensor in the OM-1 will do). Frame rates are just as important for wildlife and sports as Mp, possibly more so.
In fact, I think it's reasonable to say that an OM-1 with a really top-class lens like the 150-400 f4.5 is a better platform for wildlife etc than any FF system if you look at the overall package in terms of size, weight, performance, speed, and cost. The closest you'd get today in L-mount to that would be an S5ii with the Sigma 150-600 - but it will be bigger, slower (frame rates), heavier, and probably worse at AF. But it will deliver a better ISO performance.
For landscape, whilst FF will deliver better IQ, the size/weight of m43 is hard to beat. For example, the Olympus 12-100 f4 Pro is a spectacularly good lens with great IQ, amazing stabilisation, and a fantastic range. At f5.6, it's sharp from one end to the other. To get the same quality, stabilisation, and range on FF, I need two lenses which together weigh 3-4 times what the Oly lens weighs. Now, size/weight might not be a problem for most landscape togs, but OTOH on long hikes you sure notice an S1R + 24-105 + 70-200 f4 on your shoulder. The big achilles heel of m43 in landscape is the relatively low Mp count and the more limited ability to do heavy PP on the files. But the difference isn't as big as some make out and I think excellent landscape images can be made with m43.