But the difference is still salient for the fricatives. e.g.
https://en.wikipedia.org/wiki/Ewe_language#Consonants has /f v/ vs /φ β/. There's also
https://en.wikipedia.org/wiki/Shubi_language , distantly related, which by some analyses contrasts /p b/ vs the labiodental stops. However, some speakers use affricates instead of albiodentals. Which may be another reason: in languages that evolve true labiodental stops, they shift to affricates /pf bv/. Nasals cannot do this, which may explain the lack of labiodental nasals. though here again there is one example,
https://en.wikipedia.org/wiki/Kukuya_language , which cannot be explained as just being /mv/ shoehorned in with the nasals because it also has a separate /mv/.
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ive used labiodentals in conlangs ... in 1994 i didnt know b etter so they were just present from the beginning. later, i explained they were present due to sound changes involving the sonority hierarchy, and were in free variation with sequences /pf bv mv/ because this language did not otherwise allow those sequences except over sllalbe boundaries.