If England does NOT go Taranto, and Germany took Viche France (S. France) on round 1, wouldn’t it be wiser to block the Suez and then consolidate your warships south of France, have the Germans build a small fleet there (ahem small fleet would be like 1 transport, 2 capitol ships, preferably carriers for support) and lock the Med down for the Italians in perpetuity?
Or was that already raised (cause I am not going back to read 3 pages of text right now.)
It also sets the Germans up to reinforce N. Africa and potentially get that NO for troops in Egypt.
IMHO, take it as you will, that virtually forces the Americans to focus N. Africa first giving Japan a bit more leeway to focus on the SW Pacific where the money is - perhaps even popping Australia or India itself as well, if opportunity presents.