Why is Co such a good catalytic element in the context of SOFC and batteries, specially in the first case?

For example, La0.6Sr0.4Co0.8Fe0.2O3-δ is more electrochemically active for the oxygen reduction reaction than La0.6Sr0.4Co0.2Fe0.8O3-δ.

I understand both Co and Fe are 3+ in LSCF (DOI:10.1016/j.ssi.2011.01.014), maybe the 4th ionization energy is saying that Co needs less energy to give another electron and become 4+, and this would explain a little?

Maybe there is an more electronic structure-like explanation? For example, I understand LSF is a hopping kind of conductor (e- hopping between Fe3+ and Fe4+), while LSC is more a free electron kind of conductor...

I leave some data that I think might be useful:

Co [Ar] 3d74s2

oxidation states : 3, 2, 0, -1

Electron affinity (kJ.mol−1) = 63.873

1st Ionisation energy (kJ.mol−1) = 760

2nd Ionisation energy (kJ.mol−1) = 1648

3rd Ionisation energy (kJ.mol−1) = 3232

4th Ionisation energy (kJ.mol−1) = 4950

Fe [Ar] 3d64s2

oxidation states : 6, 3, 2, 0, -2

Electron affinity (kJ.mol−1) = 14.569

1st Ionisation energy (kJ.mol−1) = 762

2nd Ionisation energy (kJ.mol−1) = 1561

3rd Ionisation energy (kJ.mol−1) = 2957

4th Ionisation energy (kJ.mol−1) = 5287

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