@the-spaceman, the networth of lost IPC’s is not that high, if you use your forces to eg. rush Russia, simply because the russian ipc’s are taken out of their economy (so double worth so to speak). The chinese IPC doesn’t go to the allies (if you strictly keep out of China).
But yes, it is a bit alternative. In our game it came out beautifully, because UK beefed up India. But with the stronger japanese navy, the UK forces ended up never seeing any action.