It's functionally the same, because attackers can brute force all phone numbers to reverse the hash.
Which it to say, it sounds like you only get partial information about the sender prior to identifying yourself and establishing a direct connection. So you cannot passively identify the exact phone number of an unknown sender.
The "short identity hash" itself it says is "created based on the email addresses and phone numbers associated with the user’s Apple ID", though I have to assume that it's independently hashing each piece of info because if you hash the whole set, then the receiver would have to know the whole set, which would be a problem (my device knows more email addresses for me than any of my friends do).
https://github.com/hexway/apple_bleee/blob/master/hash2phone...