Just to avoid potential confusion, the claim is that this is a function that generates a random permutation:

    pub fn shuffle(g: *Gen, T: type, slice: []T) void {
        if (slice.len <= 1) return;

        for (0..slice.len - 1) |i| {
            const j = g.range_inclusive(u64, i, slice.len - 1);
            std.mem.swap(T, &slice[i], &slice[j]);
        }
    }

And this is a function that enumerates all permutations, in order, exactly once:

    pub fn shuffle(g: *Gen, T: type, slice: []T) void {
        if (slice.len <= 1) return;

        for (0..slice.len - 1) |i| {
            const j = g.range_inclusive(u64, i, slice.len - 1);
            std.mem.swap(T, &slice[i], &slice[j]);
        }
    }

Yes, they are exactly the same function. What matters is Gen. If it looks like this

https://github.com/tigerbeetle/tigerbeetle/blob/809fe06a2ffc...

then you get a random permutation. If it rather looks like this

https://github.com/tigerbeetle/tigerbeetle/blob/809fe06a2ffc...

you enumerate all permutations.

What's being suggested also has the m log m partition behavior in the limit where N >> M. It might be easier to see why these are actually the same things with slightly different limits, imagine a huge N enumerated by an LFSR. We'll call our enumeration function rand() for tradition's sake. Now we're back to sampling.