The simple answer is yes, but... simple answers are often misleading. If you are only interested in planetary viewing then you might be right to follow the magnification route but remember its not just the tube, the more magnification you have the more you need a good mount (often more expensive than the scope) to hold it steady.
However many things of interest out there do not need lots of magnification but you do need aperture to see them because they are dim.
You really need to find out more about what you want to look at because there is no one size fits all when it comes to telescope systems.
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