The math for calculating the total capacity of cells looks like this:
2xLIR 123:
3,7V x 0,7 Ah = 2,59Wh x 2cells = 5,18 Wh
1xLIR 17670:
3,7V x 1,6 Ah = 5,92 Wh
So indeed the 17670 has a higher capacity.
But the capacity depends also on the discharging rate that means, the higher the consumption of the load, the less the total capacity of the cell.
The printed capacity declarations are often extraggerated by the manufacturers.
In reality, they will increase in the future by development, but the house numbers nowadays are in the region of the "AW"-cells.
Best regards
____
Tom