Re: True about resizing ...
I don't really know the answer to your question, but I can tell you approximately what downsizing involves. It uses some averaging system to reduce the number of pixels rather than just omitting pixels. The averaging invovles neightporing pixels and there are different ways to do it. Some are faster and some are slower but producin better results. Often you can choose which method to use.
Re: True about resizing ...
Even if a scanner is said to return 4800spi but only actually returns 2400spi, there is no such thing as "ballast"; every pixel wil be a representation of the image seen by the scanner. When folks say that there is no advantage in scanning at the higher (4800) resolution, it usually indicates that, in the resultant file, there is very little perceived extra detail to be seen over the lower resolution. Sometimes that lack of perceived detail can simply be down to the inability of the lens to resolve the detail but what happens is that the pixels in the unclear areas are simply an average of the colour values both in and around the detail.
Perhaps an example would help: Draw a tic-tac-toe game on a piece of paper, fill the nine squares with a random mixture of O and X. Now, imagine tha the scanner can only resolve a pixel as small as the whole tic-tac-toe game. What happens is that the resulting pixel becomes an "average" (best guess) of the nine elements in that area.
And so it is when down sizing a file; well as a simple analogy anyway. The downsizing takes a "bunch" of pixels and tries to make sense of what will look best when the nine squares are reduced to one, but taking into account all the other tic-tac-toe games adjacent to the one that it is trying to compress.
As for the difference in capability between, say, an Imacon and an Epson flatbed, Although the Imacon is said to be able to resolve up to 6300spi, in actual fact, that is only for 35mm film, 4x5 resolution is only stated as being 2040spi; which is similar to that obtainable on an Epson V700. The main perceived difference seems to be the Imacon's ability to extract a bit more shadow detail.