There's a detailed article in this! But, unsupported by detail (thought the support is there with more time) a few comments:
"time is of the essence" A good 1940 decision may be a bad 1942 decision, and not only because the outside world has changed.
The RN took the decision that the carrier was the most important fleet unit in 1942. New small light fleet carriers were built to a new design based on a roomy mercantile style hull. Apart from Vanguard, no further large (>10,000tons) surface units were built, though some planned.
Consider the ships.
Cleveland class CL’s were 10,000 tons, 600(wl) x 66 x 20/25 ft with 100,000 shp. In comparison the CB were 29,000 tons, 791 (wl) x 90 x 27/32 ft with 150,000 shp there for had a much larger hull in comparison to the machinery thereby would have had less problems with trunking the uptakes.
Essex CV 820'wl x 93 x 27,500tons standard 150,000shp
Clevelands 4 boilers, in line. Machinery about 25% of ship length, boilers about half of that.
Alaska 8 boilers, paired across the ship, so four pairs in line. Machinery about 22%, boilers about half of that.
Essex 8 boilers, 6 in line (2 pairs) about 30%, boiler 3/5 of that.
Looking at the profiles, the ratio of the height of the boilers to the depth of the ship is much smaller in Essex, the purpose built carrier.
Handling the uptakes is a matter of detailed design, not simple substitution.
the Alaskas would need either trunking across the width, or uptakes Saipan style both sides, affecting usable hull width. (Or complete rearrangement of machinery spaces. Whether that is practicable depends on the state of construction reached - see below)
early 1940 Alaska at sketch design stage. In effect we can say "do we want out 800ft ship to carry guns or aircraft?" with no great change in timing thereafter.
End 1941 Alaska laid down. 12 months detailed design work done, and thrown out by conversion to carrier. 12 months more detailed design work makes ship 12 months late. By the time Alaska is laid down, the gun mountings will have been ordered and much design and construction work done on them (they take longer than ships). Cancellation means compensation payments to the gunmakers.
End 1942 much construction work done. What a year before was a detail redesign paper exercise has now become a reconstruction, with redesign parameters set by what material and equipment has been built into the ship, and the costs of using it as-is even though inconveniently placed, removing it (expense and further delay) and replacing etc etc. The alternative is scrap altogether and build new. But it is never as easy as it sounds to use eg machinery from one ship in another of completely different design. Especially true of the expensive items, rather than the relatively cheap plain steel of the hull.
The decisions taken may now look inferior, but the people making them were neither amateurs nor fools, and gave detailed rather than general consideration to factors of time and cost. Doesn't mean it always worked out right, but you may need hindsight for that.
You can see the pressures to continue to build as planned, and the rationale for completing early ships and cancelling later ones.
A very general point in the light of recent suggestions for reorganising or moderating the forum. My experience with naval threads, compared to aircraft threads, is that the naval ones very easily move from discussing ships to discussing strategy, especially if the ships were ones never actually built, and that can send the temperature up.