The main reason that I think it is HMS Vengeance is a picture in a book on the Colossus Class by Neil McCart. That picture shows her leaving Malta on a cargo voyage to the Far East with aircraft and military transport on her flight deck. Everything looks exactly the same as the picture above (apart from the angle) including all of the aircraft and the cargo at the rear of the flight deck. Also remember that I am talking about 1947, she had two major refits after that date before being loaned to the Australian Navy in 1953, by which time the mast and antennae may well have changed.

BTW, I do agree with the earlier post re Fireflys and Sea Furies on the deck.