If LPF equal opportunity is merely one component among competing principles, its determinate action-guidance collapses into an indeterminate pluralism that cannot adjudicate real conflicts.
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A messy situation where you have many different valid answers or principles but no clear way to choose between them.
LPF(as the subject being evaluated in the statement)
An abbreviation for a specific philosophical theory or framework (likely 'Liberal Political Framework' or similar) that the author is discussing—you'd need to know the source to understand exactly what it stands for.
equal opportunity(egalitarian conceptions of distributive justice)
the minimal formula ensuring that the fate of human beings is determined by their decisions and not by unavoidable social circumstances