Elasticsearch- Single Index vs Multiple Indexes

As I defined to your colleague Nikesh here, I consider a "mapping explosion" to not be a specific event but a general condition of having a lot of fields.

By that definition, yes, you will have a lot of fields.

If you want to consider the impact of field numbers on something more specific (query response times, disk space, RAM utilisation, indexing speeds...) I suggest you perform some benchmarking.