I'd like to stump for
All-Round Start; it provides a solid set of basics without
nearly so much of the "interlocking disadvantage" problem.
Security, Established, and Economy has less of that, but still a significant amount-
Victorian Sympathizers and
Victorian Attention are unlikely to play well together. Although
Good Security at least means that SEE has the tools to
mitigate that problem.
Because those risks are all short term and can be solved given time. Plus having an established state apparatus makes all of them that much more survivable.
...All the short term problems may be individually soluble, but that doesn't mean they can all be solved
simultaneously while dealing with the consequences of the other problems.
Moreover, in the early years,
even if we succeed, our options will be greatly restricted in terms of us having to avoid or delay projects that would otherwise give us a long term payoff, because we'll be dealing with the multiply-stacked crises.
It is extremely discouraging that the main defenses of
All the Economy have basically reduced to "well we have to take
some risk," "come on, live a little," and "I'm sure these problems won't be as bad as all that." Most good plans can be explained in terms of an interlocking strategy that self-evidently helps things work out well in the end. This plan seems to read "first, we somehow survive 3-5 horrible years, then we win because we have lots of riches."
The smartest approach in this scenario would have been to start slow and gradually build our strength before facing down Victoria, but by starting with Victorian Attention that stops being an option. We can't build slowly because we are going to be fighting right out of the gate no matter what. Which means we have to hit the ground running with a military strong enough to defend us and an economy capable of maintaining that military. And the only way to get that many pluses is by taking on an uncomfortably high level of risk.
I think you're overestimating the amount of military strength required to deal with the level of
Victorian Attention implied by a +2 CP malus.