Re: Dreadnought of the skies - Pre-Dreadnoughts of the Skies
"The mighty Bismark was sunk by a Fairey"
Ah, but the mighty HMS Repulse and the HMS Prince of Wales were sunk by aircraft of the Imperial Japanese Navy. And that's not forgetting the Battle of the Coral Sea, either.
It's a general military rule that all other things being equal, the side with the longest-range artillery has the advantage. One of the only situations where this doesn't apply is where one side has the guts to get in closer - see the Battle of the River Plate for an example, or the battle of HMAS Sydney versus the Imperial Kriegsmarine's Emden.