What could Britain build with the carrier tonnage freed by scrapping Eagle in 1926?
Short answerProbably a second Ark Royal-scale carrier, adding another large fleet carrier for the Second World War.
NotesThe counterfactual converts an old carrier's treaty allocation into a modern purpose-built hull. Eagle's tonnage appears large enough to support another Ark Royal-scale ship. That second carrier would enter the Royal Navy's wartime force as a large, modern fleet unit. It would also reduce the fleet's dependence on older conversions and single-ship availability.