Must artists narrow themselves to live an artistic life?It seems to me that the answer would be both a yes and no.
Certainly the act of producing a work of art requires a focus, a narrowing down, toward an exactness of expression. To the degree that the artist expresses an exact communication, in a way that others can understand or feel the intent, to that degree the piece has reached its audience.
Even a feeling of 'vagueness' can be communicated, but, the art would not lie in an
unintended vagueness. The art would lie in the intentional creation and communication of vagueness.
On the other hand, great art, art that survives and communicates well across the ages, requires of the artist a deep understanding of broad encompassing elements of life. Styles come and go, but an artist who understands/feels grandly, and commands their art, will produce great art - Art with a capital "A".
Put another way, small minds produce small thoughts. Great artists must be broad in understanding and feeling, but focus to the exactness of the 'thought' (s) they want to communicate.
How they choose to live their lives is another matter. Dedication to their art in relation to other aspects of their lives, and/or, focus on a particular subject or theme may have been the 'gist' of your question. My focus narrowed to the quality of the artist's understandings and communication. Communication always narrows. In saying this, we exclude that.
By the way, I could not help but notice the similarity of the scene, and theme, you posted to Louis Malle's great film "My Dinner With André" (1981). I haven't seen Woody Allen's "Midnight in Paris" but it is now on my ever-growing list of must see. I am not educated enough, yet, in film history to know who influenced who but in my opinion Malle handled the scene better. In the clip above, the introduction of multiple characters, and the difficulty of understanding the exaggerated 'French/Spanish" stereotyped accent interfered with the communication of the underlying philosophical question. Also the cast in this scene doesn't feel quite right. Yet, Woody Allen's penchant for 'comedic' elements easily explains the why. Malle's handling expresses the comedic more subtly.