A 0.5" equivalent of the DeWilde inspired explosive incendiary would be very nice.Ideally! M3 with 1000rpm.
With only LW single seat fighters and twins as the target in 1940, .50 should be the prefered air weapon.
"With no interest now from any of the services, the .50 inch Browning again faded from the military scene. Despite this, throughout the 1930s Kynoch continued to manufacture the round and sold large quantities to foreign customers, developing a full range of loads in tracer, armour piercing and incendiary."
The US API has 0.97g of incendiary, and incendiary 2.2g, so a bit more than 0.8g. Follow on B mark IIz similar.
But the logic behind choosing the 20mm was that one change in gun would be better than two. At the time the decision was made, they knew the available 20mm weren't quite what they wanted and couldn't have known how long it would take to get the 20mm Hispano working so it did make sense.
On the Italian 0.5", I recall reading that it used quite a feeble round, and that this was what the RAF would have used if adopting a 0.5". The arguments against adoption - as with other 20mm - included relatively low mv, so reasonably destructive when it hit, but not so easy to get a hit. The ability to hit was a consideration when selecting 8gun (and occasionally 12 gun) batteries, and again it made sense at the time when seen as an interim fix before the 20mm became available.
Like many others, I'd have been happier to see a whole load of 6x0.5" fighters in the BoB, but the decision to stick with 0.303" made reasonable sense at the time, and once the limitations were clear, the 20mm was nearly ready - missing the tail of the BoB by weeks only.