Well, it is right. Takes around the same size of computer program to print out the library either way.
Would it seem right that the mold for casting a tin soldier would have the same detail as the tin soldier cast?
A better way of stating this would be to look at how much information you can extract from the library with one book in a given time, as compared to the library that contains "all" books: nearly all such books would have gibberish in them.
Eliezer's statement would be a lot less surprising with a proper definition of "all" :)