Que Thompson wrote:Are the FF sensors better?
Some are better than others... just like sensors in any other size. Also, all sensors are full frame - they just happen to have frames that are different sizes. Is a medium format sensor fuller than full?
Larger photosites?
That depends also on the resolution of the sensor. A 60MP 135-format sensor (the format commonly mis-marketed as "full frame") would have smaller photosites than a 12MP M4/3 sensor, for example.
Can a M43 sensor look as good as the Arri sensor? Is it possible?
It might look better, depending on what you point it at and how the camera is set up. Or it might not.
Is it mostly calibration, color science and software or is it the physical hardware?
Yes to all four. It all comes into play. The sensor size is one factor among many that comes into play when determining how the image will look in the end... and I would argue one of the lesser factors. I would put forward that the size of the photosites on the sensor is more significant than the size of the sensor itself in determining the quality in the end, but the sensor technology is also very important. Newer sensors can have higher resolution (and thus smaller photosites) but still perform better in low light because the underlying technology has improved since the older sensors were made.