That's basically equivalent to saying that the natural numbers encode all information [0], it's just that the index to say which natural number you mean is rather long.
However for natural numbers, the 'decompression' is very fast. Much faster than for Pi.
[0] You can make this precise via Bijective Numeration https://en.wikipedia.org/wiki/Bijective_numeration to handle leading zeroes nicely.
That's right. But it does give a feel for what infinity is to our finite minds. It ain't just big numbers. It's all computation! (For a certain definition of computation)
Enumerating the natural numbers is only a single trivial computation. Enumerating the digits of Pi is a bit more involved, but it ain't universal, either.