QUOTE(KingSargent @ Mon 15 Dec 2008 1127)

3. Assuming the P-40s somehow fly into Luzon, how do the ground crews get there? How does the ammo and fuel get there?
4. "Beating feet" is problematic when a superior enemy is nearby. Halsey/Doolittle got away with their raid because there was nothing available for the Japanese to intercept them with, Kido Butai being in the south.
5. The USN would not like to risk CVTFs in uncharted Southern PI/DEI waters. They has already had Boise put out of action on an uncharted rock.
3. There were plenty of ground crews, and spare pilots for that matter, in Bataan, relatively few were casualties in the operations which mainly knocked out US air power. Fuel and ammo would have been more problematic for a large force though.
4./5. I agree, and the basic difference between Doolittle Raid and this idea goes beyond the position of Japanese carriers. The DR approached Japan along a track with no island bases in the way to detect the force by aerial recon before it got within range (the intended launch range of the B-25's), the problem being an unexpectedly distant Japanese surface picket line (which forced early launch and loss of all the a/c). And the actual carrier plane raids of early '42 only approached the outer line of island bases. The only remotely feasible line of approach to Mindanao in early 1942 is between the northern New Guinea coast (which the Japanese didn't hold yet) and the Carolines/Palaus (where there were Japanese air bases). Through the DEI is obviously impractical for carrier groups, as is passage between Marianas and Carolines, or between Marianas and Iwo Jima, they'd have to get much closer to Japanese bases in either case. But even along the north New Guinea coast the force has to remain within long range recon, or twin engine bomber range, of the Carolines and Palaus for a long time, on the way in and out. It's a definite step up in risk over any operation that actually happened in that period.
Anyway if this to be ca. Jan/Feb '42, coinciding with relatively weak Japanese forces on Luzon, I doubt there were the spare Army fighters at that time. Per the USAAF Official History, by Craven and Cate, a pretty hefty 337 P-40's, 100+ P-400's and 90 P-39's arrived in Australia between Dec 23 '41 and March 18 '42, but a lot were clearly toward the end of that period. With losses in DEI, transfers to RAAF, repair pipeline and 100 awaiting assembly, there were only 92, 52 and 33 of those types operational respectively with the USAAF in Australia March 18. As mentioned other a/c were felt to be needed in HI, and others still had been sent to garrison a number of other island bases on the supply line to Australia.
Three additional P-40's did make it to the Philippines besides the original complement, carried in crates by the blockade runner, Hong Kong registered merchant ship, Anhui, in March. They were recovered when that ship ran aground, and assembled on Mindanao. Two of the three are believed to be the two P-40E's captured intact by the Japanese there, which where later used in trials, wartime propaganda movies, and may have been among the captured P-40's used in combat in Burma in 1943.
Joe