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Given the restrictions on heavy cruisers from the Washington Treaty, such that some 8" gun cruisers were considered 'paper' cruisers due to the restrictions on armor needed to mount 8" guns could Germany have followed a third path with their permitted 10,000 ton 'capital' ships?

Namely abandoning all pretense that 10,000 tons could be a capital ship and instead building a cruiser killer without the limitations that the pocket battleships came with(reduced battery, weak armor...).
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