I am not trying to dispute the paper's (implied) greater point: Larger variability of reproductive success favors larger variability of phenotype (in so far as phenotype is related to reproductive success); this can obviously apply to different sexes of the same species [1]; and it is trivial to cook up a toy model for this.
I am just saying that (1) this paper does not belong into a mathematical journal, and (2) the point looks almost too trivial to state.
I am a mathematician; I cannot say whether the paper belongs into a bio journal and whether its points are common knowledge in the bio community. I can only say that, had the arxiv-paper landed on my desk for peer review, I'd have recommended to reject it.
[1] By the conservation law that each offspring has one male and one female parent, differing "effective selectivity" and differing variability of reproductive success are kinda equivalent in the model; casting it in terms of "desirability" looks like a weird choice to me.