If you were Raeder in 1941? what would you do?

It might be if you mean stripping them of their guns for shore batteries on the Frisian Islands. How about having them raid Scapa Flow? It's the last thing the RN would expect so they should get there alright. I make no promesses about them returning though.
 
I'd invite Hitler and the rest of the Nazi leadership to see off the Bismark then excuse myself just in time to get away before an "errant" shell is "tragically" fired into the gathering of Nazi bigwigs.
 
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