The Courageous and Glorious had already been placed in reserve in 1919 and if they had not been converted to CV's they would have been scrapped. To the RN, as LBC's, they were white elephants.
Didn't this have a lot to do with the fact that with only 4 guns (or 2 on F) that they couldn't hit anything (with salvos) ? And they where to light for the gun blast ? both solved by having more 9.2s.
JSB
Yes to the salvo problem. And IIRC both Courageous and Glorious did suffer hull damage firing full broadsides.
I agree, the 9.2-inch gun will cause fewer problems and having more of them helps firing solutions. And with more armor you can afford to take greater risks with them. I see them doing excellent work hunting down enemy armored cruisers/raiders and even escorting convoys. Yes, a battleship outguns them and has more armor. But these are faster and can choose the range at which they'll fight. The 9.2-inch gun has a higher ROF and with any luck will get more hits on the BB than it takes. And moving fast getting those hits won't be easy.
A battlecruiser will have better luck with its greater speed but the higher ROF of these may tip the balance...