Benjamin is concerned about user impersonation by identity (email) providers.
1. The identical risk of silent impersonation is present with any OpenID or OAuth-based system.
2. With password-based systems, a malicious provider could also intercept reset emails, creating similar risk. Benjamin notes that "a user will be aware of the attack then next time they try to login," but that's a poor mitigation, since the attacker has already gained access. Benjamin agrees: "On bugzilla.mozilla.org, we disabled password reset emails for users with access to security bugs."
If you're operating under the same constraints as Benjamin, then I agree: Persona alone is not sufficient. Nor is any other normal authentication system.