The obvious answer, at least pre-COVID, is to swap some of the 2s and the 3s over in summer due to reduced commuter demand which coincides with increased holiday demand (this would require SDO or local door on the Coast, I guess, but there can't be a major infrastructure issue as 3-car has worked there before). The trouble with that is ETCS - some of the 3s would need to be fitted - and the First Class.
Someone once mentioned to me that there's a few crossings on the Pwllheli line where anything over 2 car would overhang over the crossing whilst at a station. I don't know the technicalities behind that, but it may influence why only 2 cars go up there. SDO should resolve any issues with short platforms. End of Winter/early spring can also be busy on the Coast line with the free over 50's travel scheme. So ideally yes, 3 cars would be a good fit most of the year, just not sure it's operationally possible
I've attached the original Franchise agreement from TfWRS and a comparison of units & vehicles of the current fleet and long term new fleet.
So as to not go too off topic, I'll only summarise the difference between 197's and current mainline fleet. It's still difficult to work out what exactly is going where. In the document the "South Wales Metro" is described as South East Wales, Valleys, as well as Maesteg, Ebbw Vale and Severn Tunnel and beyond (Gloucester) which is where the Flirts are being deployed.
170's will be cascaded to West Wales/HOWL. 230's will be on Bidston and likely either Blaenau or Chester-Crewe.
The combined number of vehicles of new fleet on mainline - 170's(32), 230's(15) and 197(180) is 227
Currently (under reduced covid timetable) there's only 8 150 diagrams on mainline and no more than 8 153 diagrams. So 24 vehicles in use. For argument sake you could round that up to 30 for normal timetable.
Based on that, the current combined number of vehicles for mainline - 150's + 153's(30), 158's(48), 170's(32) and 175's(70) is 180.
So there's an increase in the new fleet of 47 vehicles.
The 197's should start arriving the end of next year, with the 175's to be phased out by May 2022 and 158's by the end of 2022.