Hobb's work is arguably the most comprehensive yet produced on British carriers, it excellent in many ways. However, I can not agree with his conclusions regarding CVA-01. Mostly because he never asks what the carriers were actually for.
CVA01 was an excellent design, highly innovative and very capable. There can really be no dispute of that. However, the carrier fleet itself in the 1960s was a product of Mountbatten's 1956/7 East of Suez role which he and the rest of the then naval leadership concocted to divert Sandy's from his original desire to discard the carriers. So self-fulfilling and absurd did this become that I have seen one Cabinet Defence Committee meeting where the politicians (rightly) respond in astonishment at an RN request to weight the carrier force even more heavily towards EoS. Remember that the carriers WoS were to be primarily ASW orientated.
There were three fundamental problems with the UK carrier fleet that were true in 1952, true in 1957 and still true in 1965. They absorbed an enormous amount of manpower (CVA-01 would have had a complement of 3,230*- the Navy was capped at 90,000), they were enormously expensive to buy (both the ships themselves and the air wings, pressure on Buccaneer and Sea Vixen procurement was evident within two years of Sandys), and that expense was compounded by insufficient UK shore infrastructure (a new dock was required at Portsmouth for CVA01). The latter issue was compounded by the mid-60s by the growing inadequacy of the British shipbuilding industry to actually undertake the CVA01 project, something Hobbs does touch upon. The idea that more money was spent on the Invincible class than would have been spent on CVA01 is utterly ridiculous and deserves derision.
Hobb's work is outstanding on the technical side, but for the period of the 1960s and early 70s it is best read in accompaniment with something like Ed Hampshire's "From East of Suez to the Eastern Atlantic: British Naval Policy 1964-70" which has the answers to many of the questions Hobbs leaves.
*This is very instructive, the compliment of one CVA01 would have been almost enough to man all three Invincibles