Would a smaller German battle fleet reassure Britain?

How would Britain react if Germany built much smaller classes of pre-dreadnought battleships?

Britain would be happier, but would watch for diverted cruiser construction and would still reassess Germany after Russia's fleet losses.

Britain would welcome fewer German battleships, but would still ask where the unused money and dockyard capacity had gone. More armored cruisers could create a different maritime threat, while resources retained by the army would have a different implication. The suggested three-ship classes provide a minimum rotation with one vessel available, although four-ship groups fit the squadron arrangements discussed more comfortably. Building pairs would require successive designs to remain sufficiently similar to serve together. Russia's losses in the Russo-Japanese War would also change Britain's two-power calculation, potentially moving a smaller German fleet back into the group Britain had to measure itself against.