A key point is, where do you put the service stations? You could easily add more Superchargers instead and service more vehicles at the same time. And probably charge faster than a swap.Very good point. I was thinking more of a "you can still charge your EV even if you can swap" scenario where you just plug it in like a normal EV, and only swap when you need to on the road with no time to charge. That way you don't need too many batteries, and most people don't need to over purchase for their range anxiety.
On the other hand everyone may want to get the large battery on Thanksgiving week and there will be none. There is no solution to seasonal demand surge other than someone keeping idle inventory (whether it is on the car as spare capacity or in the swap station waiting for people to swap).
Maybe an expensive equipment idling because of cheap batteries or charging time limitation can be addressed by swapping, like a semi that runs 247. But for a passenger EV which the battery is the most expensive part, maybe swapping won't do much more than having an extra EV around.
I see all cost and zero benefit in battery swap. The only scenario is where charging infrastructure is really bad.