It depends what you want to use the scope for. It's true that a small objective scope will let less light in, but the low magnification of the Simmonds you mention can give just as bright an image as a higher mag scope with a larger objective. In other words, brightness will depend on how much the light available is "spread out" by the magnification. (Quality of glass, accuracy of polishing and coatings will affect things as well.) Smaller lenses are cheaper to make, so can be of better quality, they also give more depth of field, so focussing/parallax adjustments are not necessary. I bought my first 4X40 scope in 1972, it's sharper and brighter than my Big Nikko FT scope..!
Gus
The ox is slow, but the earth is patient.