Regarding essential oils for flavor and aroma, pellet hops typically have less than whole leaf hops due to processing, so you may want to add a touch more.
This BYO article on dry hopping techniques says
Since pellet hops are more highly processed than plugs or loose hops,
there is some concern that volatile oils are lost. When using pellets
for dry hopping, you may want to add a little more than usual.
You don't have to use a bag with pellet hops, since they do sink to the bottom and can be avoided with careful racking. But if you're going to use a bag, be sure to boil the bag and add 10-15% more hops:
Another issue with bagging is that it tends to reduce the hops
exposure to the beer. To account for this, you may want to use 10–15%
more when bagging.
Keep in mind that dry hopping is not an exact science - 1oz is a safe starting amount but you will discover in time whether this is the right amount for you. Regardless of the amount, be sure to remove the hops after 2 weeks max to avoid harsher grassy flavors (at least, that's my experience when using European hops.)