It's probably more apt to state that the 1918 Pandemic was worse than the 2019/2020/2021 Pandemic - probably true. Virus to virus? Probably not.
The lower bound on Spanish flu's IFR is 3%. Covid's IFR is around 1%, and almost all of that is in old and sick people. Spanish flu killed far more at far younger ages. Had covid hit a century ago, its IFR would likely be lower because those hit worst by the covid (the old and sick) would have already died of something else.
Again, Spanish flu infected 1/3rd of the world and killed at least 1% of the world population. It was the last time in history that human population declined over a year. Even in 3rd world countries, covid can't approach that level of lethality.
I'm not trying to imply that Spanish Flu was not a killer - my home country of India suffered ~ 13 millions deaths. Yet the policies of the Colonial Administration also made a bad situation much worse. My suspicion is that given those circumstances, COVID would be just as bad, if not worse. At this point we can only speculate.
If a pathogen with identical risks and outcomes struck today, I guarantee government restrictions would be greater than in the past.
Really? Do some digging into historical pandemics. City entrances would be boarded up. Villages might be "shut" and their people would literally starve to death if the they could not sustain themselves. Harbor chains were raised against suspected plague ships. Innocent people were confined to pest hospitals, even exiled to dedicated colonies on remote islands. Londoners once feared being boarded up in their own houses should they get ill. The pre-computer past was full of much more draconean efforts than anything COVID-19 has brought us.
And for all the horrors of being locked indoors with covid, just spend a few minutes reading about the kids polio trapped inside iron lungs. That was within living memory.