Yes, it is a tradeoff. That's something the people who are always cheering when battery life is increased and think the world is going to end if it is reduced don't get.
They will say "why does Apple want the iPhone to be thin, I would rather have a device 50% thicker with double the battery life" That's what THEY may want, but that's not what I want. If I could I'd get one that's even thinner. Not because I care about thinness per se, but because I prefer it be lighter. My nearly two year old 14 Pro Max still has 60% or so battery life at the end of my day's use of it. That's down from where it was when it was new, but it could have had a smaller battery without impacting MY use of it.
People who want a thicker phone with longer battery life can buy today's iPhone (or my hypothetical thinner one) and put it in a case that builds in a battery. They get what they want without impeding my choices. That's a little harder to do with say a Macbook Air, since no one puts laptops in a "case", but the Macbook Pro exists for people who want to trade off increased weight for a larger battery.
I'm not saying the Pro Max has too big of a battery - it is too big for me but Apple is choosing it based on their overall customer base. But they don't need to satisfy everyone, because those willing to trade size/weight for battery have a perfectly good DIY option.