... lets us simulate the design flaws of British BC up until the battle of Jutland ...
As I understand it, the British BC didn't so much have design flaws as poor ammunition handling procedures. After all, true design flaws couldn't really be rectified after the battle of Jutland (i.e., after the ships were already built), but poor procedures could certainly be changed.
In one-off games, I suppose the distinction doesn't matter much. If I were playing a campaign, though, I'd only penalize the British BC through the first game in which one was lost due to a magazine explosion. After that, I'd assume the British had learned their lesson (as they did at Jutland), and treat them no differently than any other ship with their particular armor ratings.
(And as long as I'm at it, the British BC were never intended to be used as they were at Jutland. The one time they were used as they were designed (as AC-killers, at the Falklands), they performed very well.)