Lets assume that Indomitable finds GZ and GZ manages to find Indomitable, more or less at the same time some where near Iceland at a range of ~150 nm. Weather permitting, the RN would launch an immediate strike, say 18 (of 24) Albacores armed with 2 x 500lb bombs escorted by 9 (of 12)Fulmars 6 of which are armed with 2 x 250lb bombs with 9 Sea Hurricanes remaining for CAP. 9 aircraft were assigned to recon.
What is GZ's air complement?
16 190T (a full squadron and a stab staffel) {I'm using the German term for the 4 plane group my spelling may be wrong}
24 Ju 87
4 Fi 167
w/4 Fi 167 on Nordmarck and 2 109T on Tirpitz mounted on their catapult trolleys for immediate replacement of losses.
Now subtract 12 recon capable aircraft to enable your successful search w/o ASV radar.
I would only be using the 4 Fi 167 to search. I am only looking for the surface patrol ships in my path.
What do you do next?
I would have minimal fighters on CAP to ward of shadowing aircraft. No more than 4 fighters would have been committed to this leaving me 12 for strike intervention. I would know from radio intercepts I had been located and had not shaken off my shadowing aircraft. I would have a fairly good idea about a time frame I could expect attack to begin. Lets say 8 fighters aloft, 2 staffels, with a third on deck at ready 5.
Seetakt detects the incoming strike and the fighter director vectors one staffel to each of the bomber groups. (the bomb armed Fulmars and the Albacores) The ready 5 fighters will be launched. The 3 Fulmars escorting would be ignored. I would think any remaining bomb armed Fulmars that survived the first bounce, would immediately jettison their bombs to try to engage the 109s.
The staffel attacking the Albacores would be using dive and zoom attack method against such a slow aircraft. One plane shot down per 109 maybe even two shot down or damaged (one each per pass). Average that to say 6 taken out of the attack group by the first staffel. The ready 5 staffel would probably get only one pass at the Albacores so subtrack 2 to 4 more. That leaves 8-12 Albacores after CAP interception. These planes have to fly through the combined flak from Tirpitz, Scheer , Graf Zeppelin, Emden and 2 DDs. Only GZ will need to maneuver to avoid bombs. The remaining ships would be in a solid ring formation around GZ. Tirpitz shot down 2 of the 12 attacking Albacores in Mar 42 and she was maneuvering to avoid torpedoes. Of the planes that can break through the flak, they would not be in a coherent formation. GZ would most likely be able to maneuver to avoid the bombs. Outcome, little or no damage to GZ. Half of the attacking aircraft lost. Four 109s lost in combat or on landing.