The L will be larger both before and after, which could be larger or smaller than the relative difference in PE for a "shorter" arm.
This is true (key words: larger magnitude of displacement).
Here's my conceptual model: With center of mass in mind, which pendulum will produce the most Kinetic Energy at the bottom of the swing? One in which the arm is longer or shorter? Well, since a pendulum merely cycles between Potential and Kinetic energy (like all Simple Harmonic Motion), a larger production of Kinetic Energy will reflect a larger change in Potential energy.