But that's a world without Hood..Would a refitted Hood and therefore more industrial work done pre war not also speed up the KVG class building? This could easily mean a fully worked up PoW....
The problem is you have 3 options just after Jutland,
1- Keep building hood with minor changes
2- Redesign fully for a new better ship
3- Stop capital ship building and divert to ASW or land use.
You are suggesting no2 but I think that's the worse option short term for WWI, as it will not get you a working ship until far to late unless WWI last much longer, on the other hand It does get you a better ship for the WNT.
No1 would also with hindsight not get you a good ship and it will be late so the worse option with hindsight.
No3 would be the one I picked as I think the money, workers & metal could be spent far better ASW sloops that are ready for WWI, and the savings would also put you in a better position come WNT as you would get 3 new ships or even more if GB was willing to pay for them.
With hindsight post Jutland cancel Hood and just lay down 4 G3s with a bit more urgency due to not having any ships laid down since R&R, if you have them building come WNT you might very well get all 4 to compensate for the US 16" ships and the old ships you have.
Heresy