I'm not sure the people of the Chilterns will agree with you on that one - I'd rather travel on LHCS / HST anyday than something akin to a voyager / 170 with an annoying and noisy underfloor engine with rattling vibrating panels all the way thought my journey. Plus, are DMUs really anymore energy efficient than HSTS? Or really reducing maintenance costs? Or really that 'track efficient' either?!
A lot of Mark 3s now have inferior ride quality and greater noise than Pendolinos do at this point, and are not significantly superior to Voyagers or Meridians if they are not massively overloaded. (I know because I travel in first and I have been the only person in a coach on a Voyager several times).
As for track maintenance benefits.... a 2+8 HST has a variable track access charge (using 2010 figures as they are the most recent I have access to) of £1.06/mile, whereas a 9 coach Class 222 has a variable track access charge from the same period of £0.94/mile. A 12p/mile reduction which would be sufficient to go to a 10 coach Class 222 to achieve the same access fee.
Now, referencing
this report on traction energy metrics from the RSSB, the HST does win on fuel efficient per 100 seat km with a value of 0.89L/100 seat.km compared to 0.98L in the case of the 9 car Cl222.
However, this figure is largely a result of the Cl222 having vastly superior acceleration to the HST set, being as they are of generally comparable mass but with the unit having 6750hp to the HST's 4500hp.
If we were to replace two of the motor vehicles with pantograph trailers of similar mass we would generate an electrodiesel formation that had 5350hp, was still marginally lighter than the HST (~416t versus ~470t) and was capable of using 25kV supplies when available.
Such a system would absolutely obliterate the HSTs marginal fuel advantage (which is already badly eroded, if not erased completely, by the increased fuel efficiency of a train with only seven engines rather than nine more lightly loaded ones).
Anyway, we've got no chance of replacing all HSTs by 2020 - Some will still be needed for certain routes - IEP cannot for example fit on the Pembroke Dock branch, as well as *i think* Camarthen or Newquay branches, and as we've found out with the Mk2s - Theres no point in scrapping usefull coaches as soon as possible when they may be needed in the future and can easily be made to meet the requirements.
Firstly the Mark 2 air cons were only at most 3-4 years older than the oldest of the Mark 3s, while the HST coaches will be at-least 30 years older than the stock that will be replacing them.
The situation is not really comparable.
Once IEP has reduced the HST fleet on Great Western to 10 sets at the most (as Paignton and Plymouth will be cleared that could be reduced to 5 sets if Swansea is wired to protect the bi-mode order size), and has obliterated the East Coast HST fleet entirely, there will only be 17 sets remaining elsewhere, for 27 sets remaining in total.
If the HOOP train goes to work on the Midland Main Line immediately on finishing the GWML electrification work to Cardiff in 2017 it will be able to complete the core MML within a few months of the deadline, for which period a waiver would be acceptable in my opinion.
Core MML electrification woudl directly eliminate 12 sets, taking us to 15 total and would free at-least 14 HST sets worth of vehicles in terms of Class 222s.
If the new ICWC franchise was to order some shortened Pendolinos for Birmingham-Scotland as Alstom keep pushing, that would allow the last of the HSTs (presumably the XC ones) to be replaced by 221s, especially if eVoyagers are created.
So a positive business case electrification and some new electric stock for already wired routes is all that is needed to obliterate the HST fleet completely thanks to IEP.
And finnaly - Yes, the HST may be getting too old, However i and i think quite a few of us will still agree that they are the best item of railway rolling stock in the country for long distance services, and very little has yet to match the qualities of a Mk3 / HST.
Well in my opinion....
Mk4/Cl91
Cl222
Cl373 (when in GNER service, which I remember... good ol' days)
Cl390
and maybe a couple of others....
EDIT:
Based on information that those two engines would burn roughly 40L/hr at idle and that the train between Sheffield and London takes roughly 2hrs..... I reckon that a seven engine, nine car Cl222 would match the 2+8 in terms of fuel burn per hundred seat.km