May only need rafting/insulation on one set of engines. I think they will get reasonable capability out of it if it is selected.
Subs are likely to be a significant threat going into the future, but given the budget one I think NZ will handle with their cheaper frigates and dismounts and aircraft. Australia would appreciate any significant capability being sought by NZ. Australia clearly wanted the deluxe anti-submarine capability, it was one of the key design considerations for the Hunters. Its entirely possible it a type 31 would exceed AWD ASW capabilities. As an Australian I would be wrapped if NZ decided to acquire 3 x type 31's with surface and subsurface capability. I think most in the ADF and the AusGov would think the same. Australia's ship building plan does not depend on NZ buying or partnering on any program. Doesn't mean we won't put in an offer for a build.
Awww.. not even sometimes? I think the Anzac program leaves a bitter taste for many a Kiwi. But I do think its much more likely that the NZ replacement frigates will be operating in and around the south pacific region, while Australia's "frigates" are more likely to go into the South China Sea, the Gulf, and other heavily contested spaces, in the back yard of peer adversaries.
I still think the NZ gov will be put off by the size of the Type 31 and would prefer something much, much smaller, cheaper and more OPV like.
Even so, the UK will manage T26/T31 combined fleet, so I can't imagine Australia and NZ balancing their needs and wants with what they have will be too difficult.