Yes, same principle, the difference being is that the entire surface of the speaker moves, not just the cones.
I've had a set of Maggies (1.6) for ~ 22 years. About $1500 a pair at the time, so really not a lot for that level of quality. Very 'transparent', natural sound. The 1.7's are the current replacement. They are 19" x 65" , and almost all of that surface is moving air, so it only needs to move a little distance, which can result in better linearity (the coils stay within a consistent magnetic field) . They are fairly lightweight, and only 2" deep, very easy to move one around, large but not a lot of volume (no 'box').
If you figure the actual moving area is ~ 17" x 55", that's 935 sq inches of surface. A 12" cone is only 113 sq inches. And a 6" mid-range is only 28 sq inches. Those cones need to travel a lot, which gets physically restrained by the surround and spider, and pushes the voice coil outside the magnetic field - result is non-linearities (distortions).
https://magnepan.com/collections/floor-standing/products/magnepan-1-7i?variant=42607645786348
Unfortunately, one of mine has de-laminated, so I'm looking at sending them in for re-build, or maybe just buy new ones.
-ERD50