Assuming that exposure means total light/photons collected [per unit sensor area], then it better has to be optimal to use most of available sensor dynamic range and not to cause saturation. Sure for nowadays cameras with broad ISO range and software tools with AI correct exposure is not that important than in old film times (or even not so old Sigma/Foveon camera times :)).
At least that is what I'm thinking - surely many people here will teach me other views :)
Of course importance of exposure (or lack of it) is not directly related to fact that it depends on F/number, not some equivalent thing.