Certainly not. The arc_max and arc_min are not hard limits, they are rather recommentations to the evict process. E.g. if you have more inodes opened than do fit into arc_max, and they cannot be evicted (because they are opened), then the arc will not even shrink down to the
new arc_max.
And anyway, the wired memory will not immediately shrink. It will do its own optimisation stuff and occasionally shrink when there is other demand for ram,
new arc_max.
And anyway, the wired memory will not immediately shrink. It will do its own optimisation stuff and occasionally shrink when there is other demand for ram,