Type F (BF or CF) insulation is intended to protect the patient against a hypothetical mains voltage source applied to the patient, which is external to the device under assessment.
Let's go back in time to the 1960s: image a patient with ECG electrodes across their chest, connected to a patient monitor. Around that time, ECGs could be an earthed circuit to reduce noise. The patient leans across to a radio to the latest updates on the Apollo missions (or the Ashes cricket score). The radio is poorly made, and the metal case is live with mains voltage.
An average person might touch the case, get a decent shock but survive because they are not solidly grounded, the shoes, floor cover etc help to reduce the current to <40mArms (the threshold of problems).
But the patient has this wonderful, low impedance electrode on their chest, directly grounding them to earth. The shock from the radio is more than 200mA, easily causing cardiac arrest.
From this scenario, F-Type circuits were born. These circuits were "floating" so they didn't ground/earth the patient.
Originally fairly light on requirements (just 500V isolation was OK, no cr/cl), they have evolved to requiring 1MOPP @ rated mains which typically means 1.5kV/4mm/2.5mm. The reason this is only 1 MOPP is due to the fact that the patient being expose to external mains voltage should already be rare.
For BF parts, I think this is overkill, since rogue mains voltage such as a defective radio should rarely be found in the real world. It should be floating but say 500Vrms, 1 or 2mm should be enough, not 4mm.
For CF there is a stronger case to be argued as simple broken earth wire can source leakage currents of 0.5mA or more, which can be dangerous if applied directly to the heart. So, 1.5kV/4mm makes sense there.