What you are referring to as "more info" is usually referred to as coverage, field of view (FOV) or equivalent focal length. It is only one measure of a lens characteristics and by no means an absolute arbiter of quality.
You could buy a $9,000 SLR telephoto lens that by your description would have very little info. Does that make a telephoto lens terrible? Not at all, it's just a characteristic that may or may not suit a particular situation. The S5 has a longer effective focal length and so appears in your vernacular to be cropped or have "less info". I don't see any intrinsic reason why that is bad though.
Samsung galaxy S3 camera has an 8 MP, (4.54 x 3.42 mm CMOS), 3.7 mm, f/2.6 lens. equiv focal length 26 mm
Samsung galaxy S4 camera has an 13 MP, (4.69 x 3.53 mm CMOS), 4.2 mm, f/2.0 lens. equiv focal length 31 mm
Samsung galaxy S5 camera has an 16 MP, (5.08 x 3.81 mm CMOS), 4.8 mm, f/2.2 lens. equiv focal length 35 mm