Would a converted Renown have performed better than Courageous or Glorious?
Short answerIt would have been larger, somewhat faster, better protected, and able to carry more aircraft, although the overall carrier would not have been radically different.
NotesA converted Renown-class battlecruiser would have been larger than Courageous or Glorious and could have carried more aircraft. It would also have offered slightly greater speed and somewhat better protection. Those advantages came from the larger starting hull rather than a fundamentally different conversion method. The overall result is judged to have been better in degree, yet not much different as a carrier.