While I generally agree that Exocets and aircraft to launch them would have been a good choice for Argentina, I wouldn't totally discount the utility of the F4 / AGM65 combo in this context. According to Wikipedia Iranian F4's have used AGM65 against patrol boats and similar targets. I wouldn't rule out a mission kill against a frigate or a destroyer.All it takes is big piles of money. Even USN cast-off Phantoms were not cheap, not once maintenance and fuel costs are factored in. The Phantom had virtually no anti-shipping capacity, save iron bombs, although the ability to make MACH 2 dash into/out from a target is very attractive, it is still a vastly larger target than any ASM.
As someone already noted, the best "bank for the buck" would be more Super Entenards and LOTS of Exocets, assuming they can afford them, which is strikingly unlikely.
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