Would the Royal Navy be better off favoring many Hermes-sized carriers over large conversions?
Short answerNo. British doctrine required carriers able to operate around 54 aircraft, so the larger conversions were necessary.
NotesBritish carrier doctrine required ships able to operate around 54 aircraft. Hermes-sized ships lacked that capacity. Building more small carriers would therefore leave the Royal Navy without the air-group size supplied by the larger conversions.