We seem to be a little sloppy with both the time line and the actual conditions.
Granted we are juggling several scenarios.
So lets try to isolate a few things.
Carrier War
Japanese fighters (A6M) are significantly more effective than the British carrier fighters (Fulmars, Rocs, Sea Hurricanes) and significantly out-range them.
If the balloon does not go up until Dec 1941 Or give or take a few weeks) the Rocks are history. Even the British were not going to keep them around for a year and half. (last Roc Delivered in Aug 1940. A lot depends on what was going on in Europe, or not going on. Lots of butterflies. Better Sea Hurricanes?
Japanese have seaplane fighters (A6M2-N) which are also (probably) superior to British carrier fighters.
First A6M2-N prototype flew Dec 7 1941. Enough to equip a squadron show up when?
Japanese carrier strike aircraft are also vastly superior (D3A and B5N vs Skua and Swordfish) And better (?) air-launched torpedoes (?)
Also assumes that the British retain existing aircraft later than than really did. Skua's disappear from service in the summer of 1941. Several Squadrons of Albacores are in use in the summer of 1941. Torpedoes are better because they are Japanese?
torpedo......................warhead..............speed...............range
British XII......................388lbs....................40kts..............1500yds
Japanese mod1.........331lbs..................41-43...............2000m
Japanese Mod 2.......452Lbs..................."..."...................."..."
Note that the Nell's carried the mod 1s
Japanese aircraft carriers carry more aircraft (60-70 vs 40-50)
Japanese land based strike aircraft have long range and can sink enemy ships in daylight
British torpedoes don't work in daylight?
British have radar and some aircraft that can fly strikes at night with radar (Swordfish) albeit at very short range
British have Wellingtons which can also drop torpedoes at night and have very long range
British carriers have armored decks
British have Spitfire to protect airfields and Beaufighter to harass shipping
British ships have more AA and have radar guided AA and / or air search radar
Surface Sea War
Japanese have the largest and most powerful battleshps in the world (Yamato and Musashi)
Yamato doesn't show up until May of 1942, Musashi doesn't show up until Jan 1943
Japanese have (arguably) more modern battleships and battle cruisers, and better cruisers.
Very arguably, both sides have a very mixed bag of battleships and battle cruisers. Yes the R's are rather doubtful most of the rest, (Repulse aside) can hold their own
Japanese light cruisers are very effective torpedo platforms
And the British light cruisers are not?? Oh, right if, the torpedoes can't reach 0ver 30,000 meters just discount them. Are eight 24in torps worth twelve 21in torps in a close range donnybrook?
Japanese have seaplane tenders and seaplane cruisers
Japanese ship-launched torpedoes with twice the range of the British and much greater speed
Japanese have superior night training and optics
rather depends on the actual experience of the British here.
British have King George the Fifth BB,
In March of 1942 the 3rd KGV went into action
British have radar
British torpedoes work (unlike the American ones)
British have less-flash powder (unlike the Americans)
British have more ships overall, especially CL and DE / E
And we need to look at circumstances don't we? How well were the troops in Burma trained and how well were they equipped/supplied, on average. Not to mentioned the appalling lack of air cover in Burma.
Carrier War
Japanese fighters (A6M) are significantly more effective than the British carrier fighters (Fulmars, Rocs, Sea Hurricanes) and significantly out-range them.
The same can be said about the F4F-3/4 yet they fought the A6M to a draw, despite a crushing defeat now and again. The Roc is unlikely to be a carrier borne fighter in 1942.
Japanese have seaplane fighters (A6M2-N) which are also (probably) superior to British carrier fighters
Seaplane fighters were a very minor factor in the PTO.
Japanese carrier strike aircraft are also vastly superior (D3A and B5N vs Skua and Swordfish) And better (?) air-launched torpedoes (?)
The D3A and Skua (and a bomb armed Fulmar) are about equal in overall capability and not much different than the SBD which proved to be the scourge of the KB in 1942. There's really no difference in IJN and FAA air launched torpedoes in 1941/42. The Albacore would be the frontline torpedo-divebomber in FAA carrier service with the Barracuda coming along in mid/late 1942. The evidence suggests that by May 1941 the RN Mk XII had a 440lb warhead:
"A Note on Sources: Although this weight of 388 lbs. (176 kg) appears in almost all references for the 18" (45 cm) Mark XII torpedo, a
memo from DNC Stanley Goodall dated 13 February 1942 states that the warhead weight was 440 lbs. (200 kg)." (Navweaps)
"Enclosure 4
An extract from D.N.C's dealing specifically with para. 8 of First Sea Lord's minute of 1st February (Enclosure 2.)
... British aircraft torpedoes that struck "BISMARCK" contained an explosive charge of 440lbs., whilse those fired by Destroyers contained an explosive charge of 750lbs..."
Japanese aircraft carriers carry more aircraft (60-70 vs 40-50)
The KB carried an average of 55 aircraft/carrier in the IO in April 1942 and ~57 (operational) at Midway. They did carry an overload number of aircraft at PH but this wasn't repeated. After Midway, the Zuikakus began to increase their complement from ~62 at Coral Sea to 72 at Eastern Solomons. IJN aircraft/aircrew production/training was insufficient in 1942 and couldn't replace losses.
Japanese land based strike aircraft have long range and can sink enemy ships in daylight
The same was true for Coastal Command and RAF/FAA maritime strike aircraft. *(see below)
British have radar and some aircraft that can fly strikes at night with radar (Swordfish) albeit at very short range
The IJN had considerable difficulty in locating enemy carrier formations even in daylight. Radar equipped Albacores and Swordfish could carry DTs and internal aux tanks, so night range was similar to daylight range, however ASVII conferred advantages even in daylight as it could see through cloud. Night range and daylight range was constrained by recon and navigation capabilities and the IJN's recon wasn't outstanding in 1942.
British have Wellingtons which can also drop torpedoes at night and have very long range
* Yes and other aircraft and they can be used in daylight!
Surface Sea War
Japanese have the largest and most powerful battleshps in the world (Yamato and Musashi)
Yamato was available in Mid 1942 by which time all five KGVs would be in service (with no ETO war). Musashi not till early 1943 by which time 2 Lion class battleships (9x16in guns/30 knots) would be in service.
Japanese have (arguably) more modern battleships and battle cruisers, and better cruisers
Hood would be reconstructed with no ETO war.
6 Dec 1941 the IJN has 6 battleships and 4 battlecruisers. The RN would have 3 new KGVs, 2 Nelsons, 3 rebuilt QE class and 7 older battleships with Renown (rebuilt) and Repulse with rebuilt Hood nearing completion. Advantage seems to be with the RN.
Japanese light cruisers are very effective torpedo platforms
With two notable exceptions (Oi and Kitikami) this is untrue. The RN C, D and E class have more torpedo tubes/ship than their IJN counterparts. All the modern light cruisers from the Leander class forward carry TTs. The older IJN light cruisers generally carry 21in torpedoes,
Japanese have seaplane tenders and seaplane cruisers
No real world advantage over RN cruisers if they are used as per their full aircraft capacity. The BCE has the aptly named HMAS Albatross...
Japanese ship-launched torpedoes with twice the range of the British and much greater speed
Yes, this is an advantage, but the RN torpedoes actually work and they were vastly superior to USN torpedoes. In the close range surface engagements around Guadalcanal RN torpedoes, (and flashless propellant) would have been devastating to the IJN.
Japanese have superior night training and optics
Debatable about night training.
British have less-flash powder (unlike the Americans)
The RN has flashless powder - I've proven that. The USN didn't have a reduced flash propellant until early 1943.
Submarine War
Japanese probably better sub-launched torpedoes (I actually haven't checked this)
If we replaced USN torpedoes with RN torpedoes in Dec 1941 then the war in the PTO would probably have ended a year sooner as the IJ MM would have been destroyed that much sooner.
Land War
Japanese tanks have HE capability
No advantage as IJA tanks were pretty useless anyways.
Japanese Army is unusually fanatical and creative
Japanese resoundingly beat the British in land battles in 1942 (in the real world)
The IJA was generally fighting ill equipped 2nd line UK and Empire units and they had the advantage of bases in FIC.