Actual numbers disagree. The best M4 Max is faster than the best M2 Max, of course, but not by that much.
There are only two single-core subtests where M4 Max scores better than 50% faster than M2 Max. Not coincidentally, these two (Object Detection and Background Blur) are two of the three subtests documented as taking advantage of SME if it's available; SME is a new matrix-math instruction set first available in M4. If an application does not use SME, you can safely assume that +40% is the average boost and +50% boost the upper limit.
Multi-core scores are a bit closer to your optimism because M4 Max does have 50% more performance cores than M2 Max (12 vs 8), but despite the theoretical average being 1.4 (single-core boost) * 1.5 (core count boost) = 2.1x, the average is 1.72x. The downside of having lots more of the relatively power-hungry performance cores is that Apple has to downclock things more when all cores are running to keep power under control.