I've written extensively on this here on BPN and on my web site. See, for example, etendue:
http://www.clarkvision.com/articles/...m.performance/
The reason for your statement is not equalizing etendue. A camera with smaller pixels is chopping up the focal plane into smaller pieces, each seeing a different amount of the subject, thus more pixels on the subject. If one equalizes the pixels on subject, and uses the same aperture diameter lens with the same exposure time, the camera with the small pixels with have the same signal-to-noise ratio as the large pixel camera, show the same detail on the subject, and show the same depth of field.