As with any battle (or series of battles) in A&A, you weigh the reward versus the risk.
In Egypt, G1, this is a huge reward if germany can take (IMHO). Sometimes this doesn’t work out and a weakening of the UK units are all that is achieved. This too is a good thing for the axis. Especially if they can keep the bomber alive in doing so. Not so much a game winner when this happens, but favorable nonetheless.
However, often times a distinct battle must not be only analyzed in a vacuum, but rather in the whole context of a turn or round of play. SZ2 is the most relevant other battle. I am fairly confident in a SZ2 battle outcome of 88% to win, and realistically 93% (add 5% for killing the BB but leaving the transport). This is high enough in my book to risk both EGYPT and SZ2. Odds are that you will do well enough in both battles most of the time.
However, if I were the allies facing this same sort of decision, I probably would NOT do both battles?
*** WHY * ?**
The axis have to attack, they have the units, they can run the risk of losing some of those units to continue their military advantage. If they lose some units, they have merely reduced some of their military advantage to a small degree (depends on the battle). The Allies need to be selective in the risking of their military units, especially early in the game when the allies are consolidating their forces and defining the battle lines.
Also, you have to consider the attacker advantage to be able to withdraw if needed.
If Egypt goes well, and SZ2 were to back fire, I might w/d and save the ftr. At least you have some options.
Also, player styles differ. Some players are more agressive/riskier. Maybe I would be considered that with the axis, but not so much with the allies.