There are cases where the same algorithm will optimize better in a pure context. Specifically, stream fusion allows an algorithm that consists of a sequence of loops that may be of widely varying form: maps, filters, folds, unfolds, to be composed into a single loop.
The equivalent optimization in a conventional imperative setting, with mutable data in loops, would have to achieve a full effect analysis, which no one does.
So at least for the class of algorithms that are implemented as pipelines of ana- and catamorphisms on sequences, you can guarantee optimization results that are not possible in an imperative setting.