It probably depends on what you mean by
really small.
Writing resolution is pretty good and most importantly it tracks the tip precisely. It's not as sharp as a real 0.2mm mechanical pencil, but you can write legibly down to ~2mm line height (1).
The larger factor is the contrast: the reMarkable screen is light grey so I usually write larger than I would on white paper.
(1) not at the very edge of the page, but maybe v2 fixes that