Final game complete:
axis-and-allies-armies-vs-navies (1).tsvg
As you can see, the Armies won, but it was quite a slog.
The dynamics of the game were similar to the other ones, except that Japan failed to break through significantly through China or the Soviet Union, the Americans failed to break through into France, and the British were unable to halt the Armies in the Middle East, opening up the enormous resources of the Middle East, Southeast Asia, India, and most of all, Africa.
Playtesting is complete. Updates for balance have been added to the original post.