To clear up the confusion, in many cases a circuit breaker needs to perform both isolation, as well as overcurrent protection, hence the requirement for double pole breakers by some electrical standards. Granted this isn't always necessary, but sometimes it is. If it wasn't, then double pole breakers wouldn't exist.
In which circumstance is this necessary? Honest question. TT installations here use dual-pole time-delayed RCDs to cover the cases I'm familiar with - you can't even get 1P+N MCBs for many if not most domestic and small commercial boards in the UK.
Let's also be specific with terminology: SP or 1P - single pole breaker, 1P+N - single pole breaker with switched neutral, 2P or double pole - dual pole breaker with overcurrent protection on
both poles. 2P are used for split-phase or two phases from a three-phase supply. I recall seeing 2P+N and 3P+N as well in a catalogue somewhere.
1P+N breakers are, to my knowledge, primarily used to provide isolation
for service without requiring the isolation of the entire installation or equipment. This is a valid use case! But it is an additional one on top of the primary (and in SP devices, sole) purpose of overcurrent protection, and is nothing more than operating it as a switch (re: this is not a functional switch..).
Standard single pole MCBs are not isolators and are not to be used as such, and standard installation practices here, at least, do not call for 1P+N MCBs to provide that capability. If standards elsewhere do, that's potentially a nice bonus, subject to my concerns about resettability (I have seen otherwise good MCBs simply fail to reclose as the mechanism is not designed for operation as an isolator, and is only required to remain capable of opening, not closing). It's also a large waste of space in almost all normal conditions, as most 1P+N breakers used seem to be two units wide, and in domestic situations isolating the entire installation isn't usually a problem.
If by "broadly equivalent" you mean "tries to avoid fire and death" then you are entirely correct.
And you are of course welcome to discuss and learn about this topic, which is incredibly interesting to its core, I'm sure there are a lot of failure modes you have never considered.
But giving advice on what type of protection device to employ, without knowing what the relevant electrical code contains, is just plain irresponsible.
They generally try to avoid fire and death in almost exactly the same way, with few significant variations. American variations are quite interesting (everything is de-rated after the fact, a 20A circuit may not carry 20A, etc), and to my knowledge their degree of testing is limited in the extreme. It's a little disturbing.
I have been asking for conditions I have not considered. Repeatedly. As for giving advice - I haven't! Others already said follow the local code and I considered that quite adequate advice, although I might also say "hire an electrician if you can't answer your own question". That advice often gets me shouted down, however.