As has been noted, these developing agents vary so much in activity that there is no molar equivalency. Also, some formulas call for the free base and some of you are discussing the acid salts which will give a much lower pH than the free base. So, please be careful.
Activity is roughly CD4, CD6, CD2, CD3 with PPD somewhere in the middle of that, all things being equal. They are ranked roughly highest to lowest in activity from my own personal experiments of the 4 Color Developers. I have done no process work with PPD.
PPD's silver halide solvent ability is weak if it even has any. I have really forgotten the data, but it did not stand out as did Sodium Sulfite. In fact, PPD must be used with Sulfite to get much activity at all, even if you adjust for pH. It achieves the fine grained nature by being so slow and gentle. In fact, HQMS (Hydroquinone MonoSulfonate) is similar in that it is a fine grain developing agent by virtue of being slow. It is used in E6. Those that mistakenly use HQ in E6 first developer thereby lose this property.
Going off on a tangent is not bad or good when designing a developer and can be very rewarding, but it is often complex and filled with trial and error. It is an art.
PE