The short answeris YES.
Here's the long answer, defintely worth reading from
The exit pupil is a function of scope magnification and objective lens. To calculate its diameter, divide the objective lens diameter by the magnification. For example, a 6×42 riflescope has a 7mm exit pupil. A variable magnification 3-9×40 riflescope has ~4.4mm exit pupil at 9x and it gets progressively larger as you lower magnification. In practice, with a 3-9×40 riflescope, you end up with the best low light performance at somewhere between 4x and 7x magnification, depending on how large your eye pupil gets and how low the light is. To know for sure, it is worthwhile to experiment.
Aside from the exit pupil diameter, high image quality really helps. Human brain utilizes the images from both eyes to extract detail, but there is no binocular vision in riflescopes. However, keeping the off-eye slightly open helps. Also, images with higher contrast allow you to maintain some elements of color vision longer. That also helps your brain extract detail out of the picture.
There are a few other things to consider as well. For one, in very low light you actually see a little better with the “corner of your eye”, so to speak. It is also easier to see moving details than stationary ones. In that case, it helps to have the exit pupil of the scope a little larger than your eye pupil. That way your eye can move a little without blacking out the image. Another factor is the change in the F/# of your eye as the pupil dilates. That causes the perceived depth of field of your eye to be quite a bit shallower in low light. Hence, eye distance behind the scope’s eyepiece becomes more critical. Moreover, in daylight, when cones are responsible for light collection, your eye is most sensitive to green-yellow part of the spectrum. In low light, as the rods in your eye starts to collect the bulk of the information, eye sensitivity shifts into the green-blue. That implies that some scopes with anti-reflective coatings well optimized for daylight will not perform all that well after sunset. On the other hand, a scope that looks decent, but not exceptional during the day, might look better than you thought at night. Once again, there is no substitute for experimentation.
When all is said and done, keep in mind that for truly good low light performance, you need both high image quality and large exit pupil. If in doubt, err on the side of top notch glass. If the scope delivers just a bit extra light and higher image fidelity to your eye, a moderate exit pupil works surprisingly well in failing light.