I said from the beginning I wouldn't have all the Details right. My basic point was, how would it be bad for Germany to sit back and prepare more for the war for another 4 years? I don't see how this works to their disadvantage. Grrr.......screw it.
The British and French economies combined are larger than the German, which means Germany has to spend more to keep up, meaning that it will grow more slowly eroding its capacity into the medium-term.
Also Germany is at constant risk of having to fight Britain and France and Czechs/Poles or, if things get serious, the USSR, which creates problems. This is why war over Munich would have been a real problem.
The flip side is that Germany has no political problem maintaining the pace of rearmament whilst Britain and France do.