> For the vast majority of developers, bcrypt, scrypt, argon and PBKDF2 provide functionally equivalent security
1) The "vast majority of developers" should not be implementing login systems, period. The chances most people have of not falling for any OWASP gotcha, making sound security choices, and implementing them correctly, is pretty much nil. Leveling the argument to this makes many things that should not be done sound passable.
2) They do not, categorically, provide "functionally equivalent security" (especially not for bare PBKDF2). This is a myth people believe in because they normalize their perception of deviant behaviour[0], and frame the situation as "if my database never gets pwned, any one of these is fine", which is just an argument based on wishful thinking, akin to "I can drive recklessly as long as I don't crash", but we don't use this reasoning to nullify seat-belts: the choice of algorithm is important precisely, and perhaps exclusively, for when all your other security mechanisms failed.
The reality though, is that more often than not, when databases gets pwned you never find out about it because monitoring and security practices is often lackluster, and then you keep believing that these things don't matter.
[0] https://en.wikipedia.org/wiki/Normalization_of_deviance
As a general rule for their security properties: Scrypt > Argon2 > Bcrypt, and PBKDF2 should be avoided. You should prefer the first one of these you can find with a robust implementation (which as @lanecwagner pointed out may not always be Scrypt, and that's fine, as is Bcrypt if you have implementation constraints)