Actually, they did try to go all-in. I've read a lot on the Falklands, just none of it recently. I definitely remember some of this from Adm. Woodward's memoir.
The Belgrano and 2 DDs (IIRC), some with Exocet, were approaching the British TF from the south, while the CV and escorts came from the north. HMS Conqueror sank the CL, while the carrier was something of a bluff-- I think her catapults weren't working?
I'll look further into this, but the short form is that the Navy tried and the British broke it up.
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My Twilight claim to fame: I ran "Allegheny Uprising" at Allegheny College, spring of 1988.
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