I always thought Germany could have used a long range torpedo bomber similar to the Japanese 'Betty' naval bomber to good effect. Instead of U-Boats you could have had packs of planes delivering havoc on the sea lanes well out to sea beyond effective land-based fighter range. Escort carriers would have been the eventual solution for Britain but they were far more expensive and costly to build than corvettes and frigates.
But all the groundwork and research would have taken years prewar and given that Goering was in charge it probably wouldn't have gone far.
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