There comes a stage when a small air force on a floating airfield cannot defeat a larger on on several shore fields.
The spread of such air arms in the hands of hostile or at least not friendly powers restricted the utility of all carriers; it didn't eliminate it.
For a start such a carrier could deploy a lot of ASW helos and a few fighters to keep off MPA based a long way away.
If Hermes couldn't force the Straits of Tiran could Ark Royal even after Phantomisation?
If not why Phantoms at a forecast cost of all the smaller carriers and an actual one of all FAA fixed wing aviation after less than a decade?
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"Whoever fights monsters should see to it that in the process he does not become a monster himself."
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