I agree with Magoo that the is a real chance we won't do this properly which could potentially result in a big chunk of the defence budget being invested in a token capability that fails to deliver the desired operational flexibility while reducing the resources available for core capabilities'. It could potentially result in having one of our few strike fighter squadrons left operationally unprepared due to the lack of investment in sustaining core competencies in addition to the desired maritime air ops. while those same maritime capabilities never achieve the desired level, again due to under investment.
The extra money required could also see cuts to other areas such as the RAAF air combat readiness, or even numbers, and RAN surface combatant numbers and capability, as the F-35B, on paper, appears to add to the RAAFs air combat capability and the RANs anti-surface, air defence and land attack capabilities. This could see a future government cut or reduce readiness of these areas on the incorrect assumption the LHD / F-35B is an adequate substitute, but, unfortunately, has never achieved it's full potential.
What comes to mind is the RANs submarines, on paper a very effective and capable force that allows Australia to punch above its weight. The trouble is when there are two of the six boats laid up due to crewing and funding issues and a third in long refit you can only have a maximum of one boat on deployment instead of two and only one available for training instead of two, then a tug collides with one of those and you have none available. End result, because it was not done properly or fully funded we ended up paying large sums of money for next to zero capability.
The same could also be said of the old Army of ones. The individual Para and Mech btns, delivered game changing capabilities while at full strength but when not properly funded and lacking adequate trained manpower were a drain on Army resources reducing the number of deployable battalions.
That said, if done properly the F-35B would be a game changer with its versatility resulting in the ADF acquiring additional airframes and platforms to fly from. The added capability could then justify a reduction in combatant numbers.