These ships won't operate alone, there are multiple dozens of Arleigh-Burke destroyers which are more expendable and part of any given strike group. The BBG(X) just brings the sensors and an additional, very deep, magazine into the group to lead as the air warfare flagship. Armed with everything from the standard missile family, to guns and lasers to contribute to the larger missile defense bubble.
Any sufficiently capable "magazine" or "sensor" ship would cost a fortune as well and you'd need the yards to build these ships and the people to maintain and man them. Distributed approaches have many, if not more downsides than there are upsides. Especially when we talk about vessels of this scale, the approach is more suitable for smaller systems like UUVs and USVs, where capability, production cost, maintenance cost and personelle cost are vastly lower.
The Navy expressed the need for a Ticonderoga replacement for decades, now they're hoping to get what a modern Ticonderoga replacement looks like.
If one could discard one thing, it may be the CPS on these ships. But their vast reach and high speed give the ship the ability to actually return fire against long range threats in a meaningful way as well as obviously holding surface combatants at risk. It also means the VLS don't have to sacrifice space for Tomahawks. It has upsides and downsides, I see the upsides but I think a dedicated CPS focused anti-surface vessel would be reasonable, kinda like what the Zumwalts are. Zumwalts and Virginias with the CPS are extremely expensive, low volume, high value assets, so their actual usefulness is limited because of that in such scenarios. A purpose build "conventional strike destryoer" would be less costly than either and could be deployed more readily, even against non-peer adversaries. But I'm also aware that the US couldn't execute on the idea without making a dysfunctional program that's over budget, out of time and wouldn't deliver anything useful anyway. You really can't trust US naval procurement with more than 1-2 ships at a time.