Did modernized First World War battlecruisers effectively become lightweight fast battleships?
Short answerSome did: the rebuilt Kongos became fast battleships, while Renown remained a more agile battlecruiser with less ability to stand against a true battleship.
NotesThe rebuilt Kongo class belongs in the fast-battleship category, while Renown retained more of a battlecruiser's character. Renown's hull form and manoeuvrability could help in a battlecruiser engagement, especially after modernization. Against the later Kongos, she might still outmanoeuvre opponents whose protection and fighting role had moved closer to fast battleships. The comparison shows how reconstruction could move similar First World War ships into different operational categories.