Would a carrier with Force Z merely have had its combat air patrol overwhelmed?
Short answerProbably not; a standing patrol, radar direction, and land-based reinforcements could break up attacks even without shooting down every aircraft.
NotesA carrier such as Indomitable could sustain six to eight fighters airborne or at alert from a complement of roughly 24 to 30. Radar and fighter direction would send those aircraft toward incoming groups before the attackers reached the ships. The standing patrol only needs to disrupt formation and timing while land-based fighters arrive as reinforcements. That active defense network would replace Force Z's damaging radio silence and make a concentrated torpedo attack much harder to organize.