Would the Royal Navy be better off if it had life-extended Albion and Bulwark?
Short answerThey were already being life-extended and remained usable; their sale was not driven by an exhausted service life.
NotesThese amphibious ships differ from elderly carriers whose structures had reached the end of practical life. Albion and Bulwark left British service for policy and force-structure reasons rather than because their hulls could no longer be maintained.