The SSD speeds in modern macs certainly make paging less noticeable than it used to be with spinning HDD’s but modern RAM is still around 10x faster (please someone correct me if I’m wrong). I think DDR4 is around 20GB/s while the apple SSD’s are around 3GB/s read and 2GB/s write.
Depending on your workflow, and how much you end up paging to the SSD, it could make a huge difference to usability (but entirely depends on what you’re doing!)
Edit: I’m not an expert on this, but I suspect there’s more to it than simply max transfer speeds. Latency may well be a significant factor as well. Hopefully someone more knowledgeable than me will chime in and clear things up!