How to refit Hood in the late 1930s

Should Hood be converted into a carrier or modernized as a battlecruiser in the late 1930s?

Hood remains a battlecruiser, with higher gun elevation and possible 15-inch/45 weapons, new machinery, better armor quality, and radar readiness replacing a near-total carrier rebuild.

Turning Hood into a carrier would require rebuilding magazines, ballast, funnels, superstructure, and almost everything above the machinery spaces. Modernizing the existing role preserves the 15-inch battery while improving range, speed, protection, and sensors, and the same gun work could benefit other British capital ships. A follow-up considers modifying the spare turrets later used by Vanguard before swapping them into Hood. That would begin the elevation and gun-upgrade cycle earlier without materially shortening the overall reconstruction.