In part the need for two island is predicated on the positioning of the GT trunking, although I personally think the forward uptakes and down takes could be vented sideways at the deck edge in front of the forward elevator, leaving the aft island to be expanded to funtion as both bridge and flyco. But then again, eliminating one of the islands would at best free up deck space for two Lightnings, and from all the research I have done lately, space is one commodity the ships are not short of anyway. The stated air groups for the CVFs will be 36 F-35Bs, 4 MASC (currently Sea King ASaC7s) and 6 Merlins HMA 1s for ASW and SAR. 46 aircraft in total, which on a 65,000 ton ship seems light to me. The 'rule of thumb' for carriers since the 60s has been one aircraft per 1,000 tons, so there is apparently room for more. The Invincible class at 21,000 tons are stated to ba able to carry up to 22 aircraft, as Harriers, Merlins and Sea Kings have a similar spot factor the overall mix makes little difference. The Lightning is physically not that much bigger in terms of spot factor either, so logically the CVFs should be able to embark over 60 aircraft. Certainly the existence of the large port and starboard flight deck extensions and their deck parks suggest this should be possible, but the design is not about cramming maximum numbers aboard ship, but instead about operating the percieved optimum number of strike aircraft (36) with the greatest efficiency.
Unlike US carriers in the 70s and 80s for example the CVFs air group will have sufficient 'elbow room' to get their jobs done. The USN has also reduced the size of the air wings on their carriers, not because individual aircraft have grown in size (a Hornet is no bigger than a Phantom) but because the requirement for a massive 'Alpha Strike' has receded and the focus is on sustained continuous operations. reducing the overall numbers aboard ship has freed up space for the remaining aircraft to be 'handled' more efficiently for prolonged operations. It's all about sustained sortie rate over a prolonged period rather than how many aircraft can be launched for a single massive strike. In this context the second island may be taking up deck space, but it is deck space that can be spared.