The problem is, all those factors are not the same. Comparing numbers of platforms is going to lead to bad analysis. Comparing platforms in a vacuum also leads to bad analysis. Just look at the various debates over the years as to what is better - The F-16 or the Mig-29? The answer is, it depends.It doesn't matter how we calculate or determine "combat power", or what other factors we include under its umbrella, as long as we apply both to the F-16 and the F-35 (or any other compared platforms). If all these factors are the same, but one aircraft costs X amount more than another aircraft, then in order to be cost effective that aircraft must also see a proportional increase in its combat power.
Platforms function as parts of a system where the whole is greater than the sum of the parts (which is the essence of combined arms). Just to give a quick example, the fact that we have AEW aircraft makes our air-to-air fighters much more effective than they otherwise would be.
As far as the F-35 goes, I think it's way too expensive. As I noted a couple years ago, it's too big to fail at this point.
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