Guided 16-inch shells trade range for cheaper heavy strikes

Would guided 16-inch shells be more useful than missiles for modern naval strike?

Inside gun range they could provide cheaper, extremely heavy precision salvos, but missiles remain necessary at longer range and the economics depend on retaining the gun industrial base.

A guided 16-inch projectile combines a battleship shell's mass with much better accuracy than conventional long-range fire. Within the gun's reach, repeated salvos could cost less than launching an equivalent number of large missiles. The comparison changes beyond that range, where missiles retain the decisive advantage. The concept is most credible if guns, barrels, ammunition plants, and trained maintainers remain in production; rebuilding the whole industrial system for a tiny fleet would erase much of the economic benefit.