The Canberra class LHD can operate F-35Bs and in numbers. It has no deficiency in STOVL operations compared to a carrier like the Invincible class. It has the right flight deck arrangements, maintenance and so on and can carry the consumables needed to sustain an air wing similar in size (if not a little bit bigger) to an Invincible class.At this point, I suspect the best we will manage is to agree to disagree re: viability of F-35B ops from the LHDs.
However it can’t do this while being an amphibious assault ship and compared to a purpose built carrier it has a range of deficiencies. Even a half squadron of six F-35Bs would severely impede on the amphibious ready group especially the rotary wing element. But as designed by Navantia and the Spanish Navy this class of LHD can swing role between an amphibious assault ship and a carrier ship.
But even when in the carrier configuration the LHD is a lot slower than it should be so it can’t operate at normal fleet manoeuvre speeds. Most importantly it is not designed as a fleet combat unit especially in terms of ASW. The LHD has an extremely high acoustic profile and would significantly affect the way a normal carrier task force would operate.
While the argument for a third LHD operating as a carrier may be attractive it does not offer any real advantage over building a role specific light carrier/sea control ship and quite a few disadvantages. Clearly seen in that the Spanish won’t be replacing Principe de Asturias with a second LHD.