To me, its simple. The early, primary confrontations in the Pacific were either CV vs CV duels or defending bases against attacks by high altitude bombers and their escorts. In both cases the F4F emerges as the generally successful platform. In the first, the P-39 is not an option. In the second, the P-39, like its USAAF P-40 stable mate lacks the high altitude performance to engage the attacking forces, on too many occasions. When payload or circumstances forced the IJ raiders to approach at altitudes below 27,000 feet, the P-40 could do somewhat better. But the F4F provided satisfactory service in both scenarios. That's my take. The P-40 and P-39 simply weren't effective options.