JBG wrote: The Lions would certainly be built
as they are adequate to deal with Bismark klasse vessels but I'm not so sure that Vanguard would get any priority in that situation. The KGVs of course would deal with the twins and a properly sorted KGV would be an enemy worthy of respect to the Bismarks. Particularly with more Tribals and Colonies for escort. Maybe there would also be a more universal program of modernisation so you don't end up with the contrast, for example, between Repulse and Reknown or between Barham and Warspite.
A KGV in good working condition was perfectly adequate to blow seven kinds of hell out of the Bismarck and the RN knew it. The problem really was that it took a long time to get the KGVs up to full working condition. The Lions were an example of British strategic considerations in view and really were what the Royal Navy wanted to build. Vanguard was a curious ship; she was originally intended as a sort of battlecruiser for the Far east fleet and if built as intended she would probably have spent most of her life in Singapore. She was actually additional to the fleet plan in that she didn't use battleship bottlenecks (which was why she kept being built while all the other heavies were cancelled). The intriguing question is whether, as Lions replaced the Rs, would the guns from the Rs be used to build more Vanguards? One suspects they might well have been. That gives rise to another intriguing question, what would the effect have been if the UK had a pair of Vanguards in Singapore instead of PoW and Repulse? Wouldn't have stopped the Japanese trying something of course, but might have given them a much harder fight in Malaya.
Another intriguing question; what would have happened once the Lions were under way. They were basically (IIRC) 38 and 39 programs. That leaves us with the 1940 and 41 battleship programs. One might suspect a repeat Lion with perhaps a bit more armor.
I suspect we would have seen a British building program that went like this (36, 37 and 38 all historical except completions were delayed in OTL)
1936 program 3 KGVs commissioning 1940
1937 program 2 KGVs commissioning 1941
1938 program 2 Lions, one Vanguard, commissioning 1942 (Lions), 1941 (Vanguard)
1939 program 2 Lions (completing 1943)
1940 program 2 repeat Lions, one repeat Vanguard, completing 1944 (Lions), 1943 (Repeat Vanguard)
1941 program 3 repeat Lions, completing 1945
So, if the Z-plan had been completed (made possible by not building submarines), teh German battleline would ahve been
6 H class
2 Bismarck
2 Scharnhorst (with 15 inch guns)
for 48 16 inch guns and 28 15 inch
And the British battle line (assuming the Vanguards are out in Singapore)
10 Lions
5 KGV
2 Nelson
3 modernized QE
1 Hood
2 Renown
for 108 16 inch guns, 44 15 inch guns and 50 14 inch guns.
I'd also guess that Hood and Repulse would be modernized to Renown standards.