There was virtually no resilience during peak periods and that was the main reason performance fell off a cliff edge in the few years prior to the pandemic
Correct. The a.m. peak started to struggle (at Waterloo) by around 0830-0900 and the evening peak after about 1800. I spent more hours/days than (it, as a subject) deserved, in the greater scheme of things, re working the peak hours at Waterloo, and it came to a head with some request or other from on high, the details of which escape me now, but the upshot was that by 1810 we ran out of platforms to run the advertised service. Think it had something to do with UP WoE train,
1L44 1L56(?) that due in at 1744 at any rate, and the departure at 1748 to Southampton. It is regrettable that too often some of those at a higher level don't understand (and I don't expect them to necessarily) , but worse don't listen to those at the coal face- it was what it was, and only hope such individuals in todays (SWR) scenario will learn from previous events. Who can tell?
The hope at the time was that the faster acceleration of the 701s would help alleviate that problem
That would be an advantage in the Waterloo throat. The track layout outside p1-4 was prior to the 2017 rebuild, the optimum type of layout, all crossings just off the platform ends, and so any conflicting moves were reduced to the minimum amount of time possible to make. The re occupation time back then was 3 mins for most of my time and before, but this was (at our/SWT planning AFAIR) request extended to 4 mins with the 10 car / extended platform / revised track layout, which meant crossing moves inbound to p1 were made west of Westminster bridge for one, and although the plan for a common 4 min re occupation (except a very few 3 min examples) worked on paper, as you say, reality can be somewhat different. Just one part of the need for increased capacity sometimes being a part trade off with performance when the overall situation has already been virtually maxed out!
Edit - PS: in truth any improved acceleration characteristics of the 701's will have little bearing on the Waterloo throat area on its own, due to the carpet 15 mph PSR. Can't remember off hand exactly where this is relaxed (DMS/DMF)? think it's about adjacent to the blocks in the South Siding, but may be mistaken?
Once sufficient legacy stock has been replaced there will need to be a gradual introduction of those removed services back into the timetable, and allow them time to settle in order to better understand their impact on the network. If political interference continued to play a major part like it was in the pre-pandemic days, the outlook would be quite frankly bleak, to put it mildly.
Couldn't have put it better myself. Well said.