@tmartin the crazy thing is that the game doesn’t feel that much different even with ~40PU bid. The Allies will more easily control the Atlantic, Med, and Africa. China will be more difficult to exterminate. Moscow will survive for a few more turns.
Otherwise the Axis can proceed as normal with India and Moscow eventually falling due to the overwhelming power of Axis air power.
The game changes dramatically at 60 PUs when China becomes so powerful they can drive Japan off of mainland Asia (or least credibly threaten that).