Not really. You've explained why the system may be preferred by small states, but that explanation applies to low-population, low-area states like Rhodes Island or Delaware as much as to low-population, high-area states like Wyoming or Montana. Land area doesn't have any self-evident role in the rationale given.
If anything, it actively confuses the issue, because we're left trying to explain why high-population, high-area states like Texas and California are treat as if they fulfilled one of those criteria. If two senators is right for dense little Massachusetts and it's right for big, empty Wyoming, then vast, heavily-populated Texas should have, what, like seven or eight senators?
(What are we defining as "high population", anyway? Virginia is five times as populous as Idaho, but California is five times as populous as Virginia. Idaho in turn is three times as populous as Wyoming, which is ten times as populous as American Samoa. The scale breaks down pretty quickly. It's not immediately clear that "big state" and "small state" really describes much more than the self-perception of its residents.)