No, it's still a 'true' f2 lens. If you have a 20mm f2 lens on a M4/3 camera then it will have the same DoF as any other 20mm f2 lens at a given plane of focus. It should be obvious that even if the crop factor is 2x it is not going to have the DoF of a 40mm f2 lens because that's not what it is. While it might be practical to speak of crop factors in relation to sensor sizes, I think it's quite silly to start doing the same in regards to aperture as you are then only talking about DoF, not about the amount of light the lens lets in.
All depends... The article should be more specific what exactly it tries to normalize. You are right, if we only look at the
light values we receive on a sensor or film pane (given through the aperture value by the shutter time), it doesn't depend from the dimensions of the sensor. I suppose the mentioned article doesn't consider this point of view because if you are discussing light values there is no normalization needed: It belongs only to lenses.
Normalization of lens information is interesting comparing different sensor sizes regarding some compository aspects:
FoV and
DoF. What the article misses to correctly mention is the third value in such a reflection:
Distance to the object. (deliberately I don't throw in the changing angles of view stepping away, which is also a compository change)
- Field of View
The fact that the FoV angle of the recorded image changes swapping a lens from a FF body to a cropped one is simple to understand. (to keep it simple we often use the term "equivalent focal lenght" which is not strictly correct, but it gives a good indication how the FoV of the same lens would look like on a different sensor).
- Depth of focus Field
The discussion and formulas around F-stop normalization is also correct if the author would mention that you typicall step further away to obtain the same FoV like with a FF body. In this case you are changing another variable: The distance and consequently also the DoF using the same nominal aperture on the lens. In his formulas he seems to assume this compository aspect without mentioning it. (I suppose this is why some posts are upset on the topic of "equivalent aperture").
With this 2nd normalized value the author tries to give an indication how the aperture has to be changed to get the same DoF using the same FoV (with different distance to the object!) on a cropped sensor.
Or how wider the DoF is, using a smaller lens on a smaller sensor at the same distance and settings as a FF lens.