if you fired a .40", .45", .50", .52", .56", .58", and .62" ball at the same velocity, would they not have the same trajectory? But they do not have the same ballistic coefficient. They have different sectional densities. The ballistic sectional density is different from sectional density as used in physics. In physics sectional density is the mass divided by the cross-sectional area and has units of mass/dimension squared. In ballistics, sectional density is weight in pounds divided by diameter in inches squared. They differ by a factor of Pi if resolved to common units. Volume and mass/weight of a round ball is a function of diameter cubed. Cross-sectional area is a function of diameter squared. Ballistic sectional density is a function of diameter. Ballistic coefficient is section density divided by form coefficient. Form coefficient for a sphere is independent of size. The Lyman BP Handbook has BC's for a variety of calibres. Those BC's correspond directly to (ballistic) sectional density divided by a coefficient of form of 1.52 for round balls.
All else being equal, the higher the sectional density, the less the loss of speed in flight, the less the loss of energy in flight, and the less the drop in trajectory. A ballistics trajectory calculation shows that for equal initial velocities, smaller calibre round balls will have greater drop than larger calibre round balls when measured at the same distance.