Let's also assume that this perfect SHA-4 function is freakishly fast, say, a million times faster than SHA-1.
Now, even though my imaginary SHA-4 function is perfect in every way, it would be strictly worse to use this for password hashing than SHA-1. Why? Because cryptographic attacks aren't the problem here. The problem is that the entropy of a user's password is very VERY small. So small, in fact, that attacks on passwords aren't done through cryptographic weaknesses, they are done by simply hashing everything someone might pick as a password and asking "did I get it right?". An attacker will repeat this process for a little while, and eventually they'll get the answer "YES, this user chose to make abc123 as their password!".