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From my limited look, focusing on Axis opening strategy.
G1 on Russia is an option to eliminate that fighter, but would take a lot of resources away from attacks on the much-strengthened British fleet. Doable if we skip attacking 111 and leave Italy to its inevitable fate by not providing a fighter for the Taranto scramble.
Sealion posture is decent, if we go hard at 110 & 111 and leave 106 unperturbed we have excellent odds to take out both fleets, even with scrambles; however scrambles would chew up our air power and hurt our odds on London quite a bit. We can offset those losses with a 2-fighter+DD buy G1 (save 2); so not capturing Normandy or S. France G1 leaves us with 70 IPCs needed for a 10-transport buy. Risky still as you now do not have a carrier for naval support - if going for SeaLion, probably need to skip 111.
Not having an extra 2 UK subs going into the Med (quite popular) gives some glimmer of hope that Italy won’t be dead in the water round 1, but supporting a North Afrika campaign is probably still an unwise distraction from Germany’s eastern ambitions.
A J1 is still very much on the table, with most of the Allied bonus units going to Europe. China will be a little costlier to take down, or at least riskier with the AAA, particularly Hunan . And has some units where a bid would normally not allow (Chahar, Anhwe, Hopei) which influences opening territory grabs somewhat.