That article doesn't really prove much more than that they may be a local color morph.
And this ichtiological investigation comes to the conclusion that they are conspecific (= same species):
Synonymy and Distribution of Calloplesiops (Pisces: Plesiopidae)
I've seen more significant morphological and color differences in a single Solomon percula shipment to suggest there are actually different species than between altivelis and "argus".
I had 4 pairs of C. altivelis and was breeding them.
A friend of mine had an adult and fully grown "argus" pair that were already fully grown when he got them. Unfortunately he wasn't raising their offspring.
Though I found a picture of a juvenile online:
It is a bit different in the spot size and the spots being in line, but otherwise looks just like an equally sized altivelis.
Calloplesiops can get really old (30+ years) and size is by no means an indicator of age. Also the head shape, fin length and body proportions changes after an individual changes from female to male. This transition takes quite a while. I had a 10 year old spawning male that I raised from the egg and he didn't have the fully developed male features at that age:
So while they are slightly different in color, the current scientific evidence speaks against them being two different species.