Yes, basically. If you’re running long-term heavy load, the lack of fans in the Air will of course throttle it. But for short bursts they will perform the same.
The thermal situation is sort of interesting. The lowest spec macbook pro has 1 fan. The middle spec and the max have the same 2 fan setup though. This would imply the coolest running one is probably the 11 core. You could probably pin those p cores all day.