Please justify why hashing a high entropy password should have a high cost. I can't see any benefit arising from this. If anything you lose entropy if you use something like pbkdf due to cycles.
Because it slows down anyone looking to crack/reverse the passwords? The only thing protecting your high entropy password is the cost of the hash. If you could run infinite attempts in 2 seconds then even your high entropy password would fail.
Anyways, most people don't use high entropy passwords, so there's little point in arguing against this IMHO.