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in the case that the two algorithms are trying to achieve the same goal and one is simply worse, that will significantly reduce the “socially necessary” bit of its SNLT (the measure of value), and thus a more steep exchange ratio incurs.
the concept socially necessary labor time also captures your intuition that marginal improvements are more valuable than a relative % improvement might imply. also, we’re not talking about wages here:
in this passage, marx is simply making the point that value is measured by abstract labor, and therefore the level of complexity of its concrete manifestation is irrelevant. programming is not an expenditure of muscle, but it is still labor, and can be measured and compared as such.