I wouldn't be surprised if there was a clause that allowed the RN to build two more battleships as replacements for some of the R's or QE's a little earlier than the other powers. My question is this: assuming that the RN has the following warships
4 G3s
Hood
5 QE's
3 R's
2 Refit and Repair
which two ships will be replaced with new construction when it rolls around c. 1932?
Douglas
Good question. Presuming they have the resources for reconstructions as historical I would still go for replacing two R's. Possibly even all 3 as David suggests. Their a little newer than the Queen's but the latter have the extra speed and capacity for reconstruction.
Actually probably go for that regardless. With 4 G3s, Hood and 2 newer ships the fleet is markedly more modern that OTL. So are the Japanese and American but the European powers are probably not greatly changed due to economic restrictions and Germany will be restricted by the Versailles Treaty. That is probably more important to Britain as since conflict with the US is highly unlikely so the relative advantage compared to OTL is huge for Britain.
Steve