Things are not as clear cut. I don’t have time right now to go in full details but the short version is you should probably stick to the Sony for now.
Advantages of m43 consist obviously in multiple lenses for different looks. You can get more shallow DOF, particularly with a bright prime and also significantly better low light performance with bright primes. You can also get a more compact m43 kit for travel and superior weather sealing. Few other traits are nice, such as focus stacking or occasionally the high resolution image. I don’t have much experience with the Panasonic cameras though.
Now, on pixel level the Sony is as good or better so in the end the actual quality difference is a little smaller than expected for the difference in sensor size. With the Sony I sometimes get really nice high ISO shots (above 800) and sometimes they are crap, still figuring out what determines the difference.
Sony focus is quite good but after the initial acquisition, it takes a while to zoom in and out and many times the scene already moved. The Sony RX10 iv is quite bulky, not necessarily light either. There are better ways to get a small kit.
Now the zoom is addictive and makes your life more fun, this is the main draw of the camera. Convenience with mostly good image quality and not a huge gain in weight.
If you don’t know which m43 and what lenses you are going to get, and what specific advantages you will get that your current Sony can’t, I would wait.