RE: Japanese Air Assets in the PI.... I have to imagine that the PI are swiftly becoming the absolute bottom of the supply and reinforcement queue for the Japanese Empire. First off, there's the war in China, then the fronts vs the British and American's to the south and east. Then probably home defense... I'm curious as to where the Japanese are getting these massive air assets everyone keeps going on and on about, for what is, by all accounts, an intensely quiet, unimportant, backwater front. And especially one where they've simply chosen to let the Americans wither as long as they don't make too much noise. Some air units? Yes. But I suspect they'll be busier bombing the holdouts on Bataan instead of maintaining a 24 hour, 360 degree surface search.
There will be Japanese ASW patrols flown from the P.I., Borneo and Indochina out over the South China Sea. Any Allied ships more that a few hundred miles N.E. of Malaya out from under the Allied air umbrella would likely be spotted during the day and their location and direction reported. But they would likely not trigger an air attack that far from anywhere. But when they are spotted closer in to the Philippines then I would think an attack would be mustered up. Even if it's just a dozen Val dive bombers that would be a big threat.
That's why speed and using the night to the best advantage are critical to avoid heavy losses even to a diminished air defence. To make it difficult for any Japanese air attack to locate their target.