Sometime around the middle of 1943 is when I'd say the USN bypassed both other navies, that's when the bigger ships from the 1940 Two-Ocean Navy were commissioned.
I can't recall the details of Plan Z, but if the Germans had the time to build more warships (presumably not when locked in a death struggle with the rest of the world), then the British would have had the time to wake up and build comparable numbers of ships.
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My Twilight claim to fame: I ran "Allegheny Uprising" at Allegheny College, spring of 1988.
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