Agincourt as a Queen Elizabeth squadron flagship

If eight Queen Elizabeth-class battleships were funded, would Agincourt instead become New Zealand's battlecruiser?

The proposed eight ships form one squadron; Agincourt would be a ninth ship and its flagship.

In this counterfactual, eight Queen Elizabeth-class battleships form a single squadron in 1914. Agincourt would be a ninth ship serving as its flagship. The requirement includes a squadron flagship and possibly a flagship for the wider fleet. The proposed Agincourt therefore retains a battleship command role in the scenario.