Spanish America without the Peninsular Occupation (1807)

Had Napoleon not betrayed Spain and deposed the Bourbons, what would have been the ultimate fate of Spanish America?

There wasn't too much nationalist sentiment before the political instability that ensued from Napoleon taking over. However, there was Republican-Revolutionary sentiment in Venezuela and the British were considering backing the rebels there.

Britain may try to grab Argentina again.

Might Latin America's four Viceroyalties (New Spain, Peru, New Grenada, and Rio de la Plata) get a status comparable to British Dominions?
 
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