Projects
The book 'Project Cancelled' is a fine reference source, an important work when it came out, but when it goes into 'what should have happened' at the end, it often veers off into a world of unlimited budgets, Air Staffs who did not change their minds often (same for BOAC and BEA too), a much better postwar economic history.
An interceptor TSR-2, really a UK TU-28P, would need V-G wings, a new forward fuselage to accomodate a larger air interceptor radar-raised cockpits as a consequnce, a new lower fuselage for semi recessed AAM's.
Possible, but expensive, really given the level of avionic technology then, it would not offer much in radar/missile performance beyond the F-4K/M's AWG-11/12 and Sparrow missile, that was already in service.
It would have been a way to extend the production, but exports? No chance, the Saudis brought Tornado ADV because they were also buying a lot of IDS versions, but also at the time, the US would not sell any more F-15's to them. And this was a full decade after any TSR-2/ADV would have been.
But, Tornado ADV was developed on the back of the IDS, which unlike TSR-2, came with a great economy of scale from very big production runs across the three partner nations, TSR-2/ADV would come from a small run for the RAF.
Plus the ADV procurement for the RAF was much larger than a RAF TSR-2/ADV would have been, even Project Cancelled recognised that.
And after TSR-2/ADV? Again, not much for industry.
We've seen the drawings of the BAe P-96 of the late 70's, a bit later, P.110 (in my view, the latter was the last real chance for an all UK fighter, but the Thatcher government insisted any new project be multi national), but these designs were on the back of the Tornado.
It provided the technology base, versions of it's engines, some avionics, without the Tornado, unglamorous, workmanlike as it is, the whole history of military combat aircraft design and production in the UK is different, not in a good way either.