- Lightning (without structural changes)
- P1227 Harrier
- Buccaneer
- BAC 1-11
- HS Trident
- VC10
- TSR2 (because of the completed and flying prototypes at cancellation)
Ok my thoughts:
Lightning: the full automatic intercept capability should have been funded, plus AI.23 development and the basic ground attack optionality EE had offered at that time. That's about as far I as I would take it, make sure its a highly capable interceptor with a modicum of GA in case you need it. It's not that exportable, unless you need a point interceptor - the F-104 is equally unloved until Lockheed splashed some illicit money about to change people's minds. And EE can't really make a claim that it can carry a US nuke because someone Stateside is likely to say "it can't be done" because of "reasons" - i.e. a non-US aircraft. Bribes and nukes makes a good package.
(Reading through an FCO file this morning, it sounds like the Saudis by 1972 were already dissatisfied with their Lightnings and felt it had been foisted on them by the UK and US.)
Harrier: ideally it needed a bigger wing, the P.1127/Kestrel/Harrier did a lot of tinkering in this area. As an operational type coming from a research aircraft it actually turned out pretty good. If there wasn't the distraction with P.1154 (i.e. if the Air Staff didn't become obsessed with supersonics for GA and ignore NMBR.3) then there might have been funds and time to further develop the Harrier airframe. Engine power would always limit the Harrier to some extent and that's unavoidable. A lot of exports pushed, it was fancy, did cool things at airshows but wasn't cool enough to make air forces part with their cash. Sea Harrier proved it could fight but beyond a few naval sales, the Harrier II hardly had air forces knocking the door down to get their own Mirage beaters. Fundamentally it was a niche product.
Buccaneer: a lot could have been done, fund S.2* upgrade, keep it cutting edge. Mountbatten had a point, 200 of these in RAF service in 1967 would have been a fairly potent force with updated avionics.
BAC 1-11: fine as is and did well, the later re-fanned upgrades looked interesting for the 1970s and 1980s.
Trident: DH salesmen should have slapped some sense into their BEA counterparts. Cutting it back was wrong and a serious folly. I don't think that it would necessarily rival the 727, but a decent sized Trident with decent engines would have picked up European sales I'm sure - BEA was the biggest airline in Europe by 1970 in terms of passenger loads, that kind of cachet might have led to sales with a decent aircraft.
VC-10: Vickers salesmen should have slapped some sense into their BOAC counterparts. They wanted the thing, buy it. Re-orient the Super VC-10 to Transatlantic routes, good passenger capacity and passengers liked them. Sure its not a fuel efficient as a 707, nor as discountable on sales price, but someone might buy if the margins look good and nobody is bitching about it in the press. Relying on tiny East African Airlines and Gulf Aviation is not a good move. I'd even back an enlarged Super-200 in collaboration with a European nation.
TSR.2: not much hope here really unless the Bank of England finds a few million quid lost down the back of the Chancellor of the Exchequer's sofa. Again, a very niche product for sales.