Yes but a larger wheel will create a more vertical angle of incidence. Assuming the desired wheel path is inline with the angle of incidence and the same pivot height in relation to the BB and similar BB height between different wheel sizes, a 29" wheel will have a better angle of incidence to wheel path on bumps roughly 1.7" or larger while the 26" wheel will be better at smaller bumps. So that statement is only true in some casesSome people explained that mid-high pivot on 29er creates a similar wheelpath as to 26" back in the days that is slightly rearward at first and then mostly vertical.
If so, it might bring back some good memories to @kidwoo
A rearward axle path is also going to absorb forward momentum making a bike less efficient. An idler pulley will also make a bike less efficient. Why would you want a less efficient trail bike? That us the whole point to them. If you don't care if your bike is harder to pedal around why wouldn't you go with longer travel?