I think that is too favorable for the Aircrafts or rather with such extreme focus on AA should not more Aircrafts be lost? And consider that not the whole fleet get to use its AA to shoot down Aircrafts, it was calculated that about 60% of the Aircrafts shoot down by US navy was not shoot down by the target.
I don't disagree with you in terms of historical stuff, but let's take a step back and think of the game as a whole.
Right now, carriers are essentially nerfed by the requirement that they be screened by capital ships. If you don't screen them with capital ships, they get sunk by naval gunfire if the enemy has capital ships of their own.
This means that in HOI4, carriers are far less effective than they were historically, since every carrier battle has a chance to turn into Taffy 3 with carriers getting hit by heavy batteries.
What I'm suggesting is that if you increase the value of AA guns any further, then we might as well retire CVs NAVs entirely. The relative IC value of CVs and their planes compared to capital ships will be lopsided in favor of the non-CV fleets.
It's a three body problem, not a two body problem.