Frederick III, King of Prussia (1861-1888)

Most alternate history posts about Frederick III, touch on the changes that might have happened if had not died as young as he did. What I'm curious about is what might have been had he taken the throne earlier.

Let's say that in 1861, the day before Frederick William IV dies, his brother William dies. The cause of death is irrelevant save for the fact that it is not assassination, so illness, lightning strike, what have you. Frederick III and Victoria become King and Queen of Prussia. How drastically does this alter history?
 
The fight over the three-year service probably ends in a compromise, with conscripts being allowed to "buy their discharge" after two years. Since Landtag Deputies were unpaid, they generally had to be men of means, whose sons could thus avoid the third year of service if they so desired.

In 1864, Frederick probably supports the Duke of Augustenburg, rather than annexing Schleswig-Holstein. He probably also takes personal command of the army in the Danish War, coming back as the hero of the hour. So Bavaria and the other middling states are likely to be much more pro-Prussian than OTL, and Austria faces isolation. Franz Josef may well have to accept a reorganisation of the Confederation much more favourable to Prussia, perhaps with the armies of the smaller states coming under Prussian command in wartime.
 
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