Though I wouldn't mind "build more Death Stars", to paraphrase you
Well we will see.
The largest American cruiser currently is the Ticonderoga at 9600t. Hunter looks to be bigger than that.
The Korean StG is around 11,000t, being a slightly scaled burke. Which is about rumored displacement of the hunters.
The Japanese Maya class is around 10,250t. Which again is around the rumored size of Hunter.
While all of these have large missile capacities, the Hunters are a frigate with "some AAW". Hunters will often embark a helicopter or more, while many of these destroyers/cruisers, don't. They are based around other benchmarks other than magazine capacity.
As with the AWD, building four, in hindsight would have been an obvious, useful and cheap way to improve capability. Certainly better than trying to up arm the Hobarts after they were designed or worse, after they were built. Particularly if you have a hot production line.
Getting us back to 14 surface combatants should be a realistic dream. May cost similar to the existing 12 plan.
I would imagine any destroyer based off the T26 design, would carry a lot more than 32.
As I understand it, it will be some time before the Hunter-class build programme is complete, so likely RAN escorts in a task force with an LHD and/or AOR would likely consist of a Hobart-class DDG (48 VLS cells), a Hunter-class FFG (32 VLS cells) and possibly an ANZAC-class FFH (8 VLS cells). Yes, if all of the VLS cells consisted of quad-packed ESSM or ESSM Block II, that would be 352 missiles effective out to ~50 km. However I would expect at least some of those VLS cells to carry longer-ranged missiles like SM-2 or even SM-6. With that in mind, being able to increase the loadout of existing and planned vessels could be beneficial IMO.
Prevention is better than cure. Longer range missiles that are able to take out platforms before launching, or are forced to launch with vague targeting data is better than trying to mop up a saturation attack.
Australia seems to have a large SM-2 warstock. While FMS actual orders aren't public the requests are, 80 sm2 III for the AWD, FFG SM-2's (some 175), which we kept and chile had to buy new SM-2 from the US. Some 250 SM-2 is probably a reasonable stock. Australia seems to have order ~50 Sm missiles of a mix of IIC and SM-6.
IMO a larger order of SM-6 would be highly desirable, particularly as hunters come on line. Hobarts will be carrying Tomahawk as well. So Australia has a fairly large missile stock. Its shortage to deploy that is the issue.
Increasing the existing VLS load out is somewhat difficult. The Anzacs are maxed. The Hobarts have minimal scope, particularly after they receive their radar/combat upgrade, which may consume their entire margin. The Hunters too, are apparently fairly "tight" for margin.
If we want to defend a fleet of a LHD, DDG and a FFH, from an attack from heavily armed 24 x H6's, we may need to look at alternatives other than cramming more missiles. Our fleet wasn't designed around two surface combatants defending themselves from 100 launched missiles, from squadrons of aircraft.
Frigates and are not designed to take out squadrons of long range bombers.
Even if you did, they would simply re-arm and reattack. In a few hours the fleet may have moved tens of miles, not a problem for a rearm and reattack.