Not disagreeing at all, but narrating a different choice...I so badly wanted to buy an Air and almost did, but I took a look back at the photos over the last several years and a huge percentage of them were taken with the slightly-too-long 5x. Even thinking of the iPhone cameras as a P&S, I thought it was very likely that I would miss having an optical telephoto, and the tele camera/lens in the 17 Pro is more useful than the 16 Pro. I had ordered an Air but decided to cancel and order a 17 Pro.
Gotta say that I still have some Air-lust. It's a beautiful phone in a whole lot of ways - size, design, materials, ergonomics. For myself personally speaking, I just couldn't give up an optical tele.