Yes and no. The Arctic comes in several color options, has higher capacity, but otherwise performs roughly the same as the Noctua. If you had any thoughts of locking the cores or other OC, it will perform better because of its higher capacity, but for a stock 12600k, that's not a benefit.
Because of the wattage output, most of the better coolers will run roughly the same, even the big brother NH-D15, it's only when wattage is increased that the bigger capacity coolers have a distinct advantage over smaller.
It's a very good, relatively cheap option is all.