Quite so!If Malta goes better, then the RN likely has fewer losses too, and North Africa gets off to a more favorable start for the British.
The butterflies would be interesting.
E.g. How a better performance over Malta will affect sending on time the Africa Corps? What if RAF manages to install 2 anti-ship squadrons in Malta and 1 in Benghazi by February 1941? Delay having Rommel ready to attack by a month and the situation is different.
How fully developed airfields in Crete would affect the battle?
How 2 extra carriers affect the war in the Mediterranean in 1940-1941?
It seems for me that holding Crete helps in holding Cyrenaica. Holding both Cyrenaica and Crete makes supplying Malta far easier than OTL.