Not by that much. And economies of scale won't drive down life cycle costs, which are easily the more expensive part of owning a warship. The higher life cycle costs will necessitate fewer hulls being purchased as they simply cost more to operate. More fuel, more weapons, more crew, more provisions, more maintenance.
Re the larger crews. Some figures from Jane's Fighting Ships 1986-87
I was suggesting 65 ASW versions of the Adams class destroyer instead of the SCB.199 destroyer escorts.
384 Charles F. Adams (DDG)
Total crew of 65 Adams class destroyers = 24,960
305 Bronstein class (2 built)
328 Glover class (1 built)
321 Garcia class (10 built)
332 Brooke class (6 built)
329 Knox class (46 built)
Total crew of the 65 SCB.199 = 21,274
Therefore, the OTL crew of the 65 SCB.199 DEs was 85% of the crew of 65 Adams class DDGS.
However, the ASW version of the Adams may have a smaller crew because the Tatar SAM system and its associated electronics have been replaced by facilities for one DASH or LAMPS I. None of the below had a helicopter, but they might be more accurate comparisons.
337 Forrest Sherman (Decataur & Paul Jones DDG)
304 Forrest Sherman (ASW modernisation)
292 Forrest Sherman (unmodified)
Total crew of 65 Forrest Sherman DDG = 21,905
Total crew of 65 Forrest Sherman ASW = 19,760
Total crew of 65 Forrest Sherman (built) = 18,980
Therefore, the OTL crew of the 65 SCB.199 DEs was 97% of 65 Sherman DDGs, 108% of 65 ASW Shermans and 112% of 65 unmodified Shermans in 1986.
I also suggested 51 additional Spruances instead of the Perry class.
324 Spruance class - total 16,524
200 Perry class - total 10,200
Therefore, the OTL crew of the 51 Perry class frigates was 62% of the crew of 51 Spruance class destroyers.
The difference between the Sherman class destroyers (292) and the Delay (165) and Claude Jones (171) is the biggest. 17 Shermans have a crew of 4,694 and the destroyer escorts had a crew of 2,829. That means that the crew of 13 Delays and 4 Jones class is 60% the size of the crew of 17 Shermans.
Honestly, giving them 50% of the cancelled frigates might be generous.
Strictly speaking the frigates weren't cancelled because they would not have been ordered in the first place.