Will using icloud backup allow me to restore an iOS 17 device to an iOS 16 device?

I have two phones - an XS and X. The XS phone is having issues, so I want to move to the X. However, the XS has apparently upgraded to iOS 17, and the X cannot upgrade to 17.

I cannot restore from XS to X using iTunes. If I set up backup via iCloud, will this address the issue? I expect the answer is "no", but figured I'd ask.