Why would Jellicoe take the speculative fast Agincourt as his flagship rather than assign it to the battlecruisers?
Short answerIts speed and Jellicoe's involvement in the design make it a natural fleet flagship, while its one-off characteristics argue against placing it in a homogeneous battle squadron.
NotesJellicoe would likely value Agincourt as more than a prestige flagship. Its speed would let the commander move ahead of the battle line when necessary. Jellicoe's involvement in developing the design would also make him well placed to bring a novel ship to Grand Fleet standards. Because battle squadrons were normally kept homogeneous, a flagship role is more plausible than attaching the one-off design to the Queen Elizabeths.