If that were to happen, the latter part wouldn't. London has extreme political and financial clout that Liverpool doesn't. The only way this will get built at all is if the city's leaders manage to seize a small window of opportunity; those opportunities are fleeting, few and far between.
On the positive side, if the project was to go ahead there are more solid arguments to do it properly from the off than try to bodge it.
Firstly, that capacity issue won't be resolved without 400m platforms. There is no publicly palatable point doing any part of the project without resolving the capacity issue, and that aspect is key one. This is before you factor in that Liverpool HS2 trains will now also stop at Warrington.
Secondly, the cost implications of creating shorter or even limited longer platforms at Liverpool Lime Street will be large anyway, and simply lead to other issues if this is all that happens. Alternatively there are many direct and peripheral benefits to doing things properly (including dealing with Liverpool Central, which must be tackled soon regardless).
The Liverpool portion of this project has been burdened with a larger than its fair share of costs, due to the artificially extended distance of the line from the city (due to it being targeted only at Manchester, rather than both as the WCML is). Despite this, the project has always posted a healthy benefit to cost ratio in excess of the wider project. This being the case, lastly I would suggest that the wider more costly NPR projects are, or should be, contingent on it.