wouldn t replace battleships just use them to slow the opposition down so the big boys could finish them off.That was the plan in OTL there was never enough planes to do a proper job.And yes you could do it shortly after 1922 by replacing the inefficient carriers with ones with a larger air group.
As an expert on the naval budget of the time you must, of course, know about the 1920 CID committee on naval expenditure. Given the ruckus that had caused, how do you think throwing even more money around would have gone down just a year or so later?
I find this stuff interesting, so I did some digging and can't see where on earth the money to build new carriers to replace four new carriers will ome from. In 1922, just after the British taxpayer had just paid for the biggest fleet in history, followed by paying for the biggest war in history, almost no one in the navy or the government was going to even think of spending about some 7 million plus to replace three brand-new carriers and one just a few years old.
This was the time when the UK was straining to pay off a vast war debt. The very first candidate of the Anti Waste Movement had won a seat in Parliament in what was normally a very safe government seat, and was soon followed by more politicians elected on the platform of cutting spending. The Geddes Committee called for the naval estimates to be cut by almost 25%. Where on earth would the navy find extra funding for new carriers to replace brand-new carriers when it was facing a 25% funding cut?
After all, 7 million pounds was a huge amount at the time. In that era, the British spend about 9 million pounds a year on roads, a bit over 1 million on the universities, 25 million on aged pensions, 60 million on education, and 15 million on police and prisons. So where does one find the 7 million? Do you cut the vast majority of road spending? Do you tell the aged pensioners that they will lose over a quarter of their money? Do you slash police by 50%? This is not petty cash, and those who would bear the cost had miserable standards of living compared to what we have.
Secondly, who on earth would scrap new carriers and build newer ones when there had only been about 100 landings ona flat top in history (depending on exactly when the new designs kick off) and therefore no one knew whether carriers would work properly, or how to design one properly? The entire world of flat-top use, flying, handling and design was basically brand new - what expertise had been built up to allow the designers to create newer and better ships?
If designers could create better ships in 1922 with almost no experience, then why didn't they design better ships in about 1919? The 100 or so landings on Eagle had taught them a bit, but there an incredible amount to learn - for example the lead pilot wanted the island to be removed but the ship's officers wanted it kept on, and history proved them right. Do you really think that fewer than 125 landings is enough to teach designers how to build vastly better carriers?
We can see what would have happened if new carriers were designed around 1922 by looking at what happened. There were 13 carriers designed or completed in the 1920s; Hermes, Eagle, Furious, Courageous, Glorious, Lexington, Saratoga, Langley, Ranger, Hosho, Kaga, Akagi, and Bearne . Let's assume that a hypothetical British carrier designed around 1921 to replace the "experiments" would have had the same chance of having problematic features as the other early/mid '20s carriers did. In that case, there's;
1- a very high chance she'd be too small to operate as an efficient fleet carrier in WW2 (all the purpose-built '20s carriers were too small for the '40s, as was the original design for the original cancelled design that was to be known as Shokaku);
2- a 90+% chance she'd have an artifically short or out-of-level flight deck because of subsidiary bow flight decks or lower-deck catapults, a hump or slope, or a pointed flight deck (as in Furious, Eagle, Saragota, Lexington, Courageous, Glorious, Hermes, Kaga, Akagi, Bearn, Eagle and arguably Ranger ) which became inefficient when aircraft became heavier;
3- a probability of 50+% that she'd have no island (Kaga, Akagi, Hosho, Langley and Ranger as designed, Furious as initially rebuilt, and as recommended by Samson for Eagle after her first trials);
4- a 70% chance she'd had a lot of space and weight devoted to low-angle guns (like Hermes, Furious, Eagle, Hosho, Lexington, Saratoga, Akagi, Kaga, and Bearn);
5 - a probability of about 54% that she'd have a problematic no-funnel arrangement (as in Furious, Hosho, Akagi, Kaga, Langley, and Ranger);
6- a very high chance that the flight deck would be compromised to allow for seaplanes or other spotters (Berne, Hermes, Ranger);
7- a very, very high chance that she'd have no catapults.
And of course in reality the chances of a poor design would be much higher, because all of the 1920s carriers bar Hosho and Langley were completed to designs that used the experience of the trials in Eagle (before her actual completion), Langley, Hosho, etc.
No one in the RN was going to build new carriers around the time the Nelrods were designed because they'd barely started using the experimental ones. Scrapping four experimental ships to just build new experimental ones was not going to happen, for very good reasons.
May one ask how much deck landing and carrier design experience you have?