Cryptomator vs Encrypted Disk Image (Disk Utility)

I think this topic helps a little bit:

So basically Cryptomator works locally, encrypts the files and uploads those files to Dropbox/iCloud, so the vault itself is not uploaded. Whereas a disk image, as pointed out by @tobihagemann, is uploaded to the cloud and any small changes, even if it’s 1KB would mean reuploading the whole disk image, which could be GBs of data just for a 1KB change.

Is this accurate? Would Dropbox/iCloud see the disk image, when changed in size and date modified, assume it was a new file and would try to re-upload the whole thing?