Well... 432 million pixels on 24 x 36 mm implies pixels of 1.33 µm (cell-phone size...). 432 million pixels on 53.7 x 40.4 mm implies pixels of 2.24 µm. I am pretty sure that the second one gives a more usable aperture for the diffraction limit.
Only in that the 36x24mm format would require an f-stop of about f/2 or lower to control diffraction, while the 54x40mm could control diffraction equally at about f/3 and lower --- with each having the same pathetically shallow DOF when diffraction is equally controlled. So about 420 million of those pixels would be OOF and so wasted as far as resolution goes.
The larger format would have the lens design advantage of needing less low f-stops. For example:
- an 80mm lens for 54x40mm format that is "430MP sharp" at f/3
is probably an easier lens design goal than
- a 50mm lens for 36x24mm format that is "430MP sharp" at f/2.
But do either of these lenses exist?
The iron trade-of between DOF and diffraction means that these massive pixel counts probably need focus stacking with anything but distant landscapes that have no foreground needing to be in focus.
And as Bernard will surely remind us, when you can do focus stacking, you can probably to stitching too, and the lenses have a better chance of giving adequate resolution at those low f-stops.