Was Revenge much cheaper than Queen Elizabeth?

Was the Revenge class substantially cheaper than Queen Elizabeth?

It was cheaper by battleship standards, but the saving did not make it a cheap warship.

Revenge was cheaper than Queen Elizabeth by the standards of capital-ship construction. It was still an expensive battleship, so the comparison does not make it an economy design. The distinction preserves a valid relative cost advantage without turning it into a claim of absolute affordability. Fleet planners had to consider relative savings and the total cost of each warship separately.