If I read the OP's premise correctly, sleeve valves never reached production. This does not mean that Bristol sits on its collective bum and swans along with the Jupiter; they could have easily devoted the same effort to developing poppet valve engines as did, say, Curtiss-Wright, Pratt & Whitney, BMW, etc, and Napier could have developed yet another H engine with poppet valves, as they had done before, and had such unsuccessful engine makers as Rolls-Royce, Jumo, and Daimler Benz.
By the time the Napier was producing 2,400 hp in service, Merlins were producing 1,700 hp. A poppet-valve equivalent of the Sabre could have easily reached the same power as that achieved in service by the Sabre.