Part of Post 12.
Give Malaya and Repulse the Warspite treatment in 1933/1934.
Part of Post 207.
Hood, Renown and Repulse to be overhauled in the 30's to OTL Renown standards.
QE's all to be at least overhauled to Warspite standards.
R Class to be overhauled to Royal Oak standards.
FWIW I agree with all of the above.
Refits of the Queen Elizabeth, Royal Sovereign and Renown classes 1918-41.
(Arranged in Order of the Year Each Refit Commenced and with the Costs where I know them.)
Plus the Projected Cost & Duration of the Planned Modernisation of Hood.
This is the same information arranged by class and then by the year each refit commenced.
Based on the above.
- My estimate of the extra cost to refit Barham 1930-33 & Malaya 1934-37 to the same standard as Warspite in 1937 and to refit Repulse 1932-36 to the same standard as Renown in 1939 is £5,547,297.
- My estimate of the extra cost to refit Barham 1930-33, Malaya 1934-37 & Warspite 1934-37 to the same standard as Valiant in 1939 and to refit Repulse 1932-36 to the same standard as Renown in 1939 is £7,371,297.
Both options can be afforded with the extra money that has been made available in the OP and the second option would be best.
However, the twin 4.5" Mk II turrets might not have been ready in time for them to be installed on Malaya, Repulse & Warspite and definitely won't be ready to be fitted to Barham as part of her 1930-33 refit. The entry on the 4.5"/45 QF Marks I, III and IV guns on the Naval Weapons website says development began in about 1935 and service entry was in 1938 but that was the twin Mk III mounting, the first twin Mk II mountings to go into service were those on Renown in 1939.
Fortunately, the Admiralty has more money to spend on the development of weapons from mid-1923 ITTL and the OP allows the use of future knowledge so development of the guns and mountings can be begun sooner.
I very much doubt that it would have been possible to have Hood's refit begin before September 1939 without sacrificing the refit of Queen Elizabeth, Renown or Valiant because too many capital ships would be out of service. That is, unless the refits of Repulse is brought forward to 1930-34 and Renown is brought forward to 1934-37 which would allow Hood to be refitted 1937-40. However, as the estimated cost of Hood's refit was 60% of the estimated cost of a new 35,000 ton battleship at a time when there were no legal restrictions on building new battleships and the refit would take as long as it would take to build a new ship the money would have been better spent on a new ship.
Another Part of Post 207.
Try to retain the armour production/gun pits that were closed OTL to prevent future bottlenecks.
Queen Elizabeth, Renown, Valiant & Warspite had the elevations of their 15" guns increased from 20 to 30 degrees as part of their refits IOTL and Barham, Malaya & Repulse will have the elevations of their 15" guns increased from 20 to 30 degrees as part of their refits ITTL and while we're at it have the elevations of the Royal Sovereigns 15" guns increased from 20 to 30 degrees as part of their 1930s refits as well.
As the refits of Barham, Malaya & Repulse take place 1930-37 and so do some of the refits of the Royal Sovereigns will that save a few gun pits?
If it helps rebuild the turrets removed from Courageous & Glorious between 1925 & 1930 and then use them in the first round of a game of
"pass the turrets". Swap them with the turrets in Barham as part of her 1930-33 refit. The turrets taken form Barham are refurbished 1930-33 and then swapped with Malaya's as part of her 1934-37 refit. And so on.