They were usually attractive to nations that either could not afford full-sized battleships or could be satisfied by specially designed shallow-draft vessels capable of littoral operations close to their own shores.
As such, they carried heavier armour than cruisers or gunboats of equivalent size, were typically equipped with a main armament of two or four heavy and several lighter guns in turrets or casemates, and could steam at a higher speed than most monitors.
In service they were mainly used as movable coastal artillery rather than instruments of sea control or fleet engagements like the battleships operated by blue-water navies.
As an example of the profusion of terms and classifications which often contradicted each other, the 1938 edition of Jane's Fighting Ships lists the Swedish Pansarskepp of the Sverige class as battleships.
The aim was to outgun any ocean-going warship of the same draft by a significant margin, making it a very dangerous opponent for a cruiser, and deadly to anything smaller.
Based on the doctrine that one needs a battle group to challenge other battle groups, this force intended to form a problematic obstacle in the confined and shallow Baltic and Kattegat theatre, where traditional large warships would be limited to very predictable moving patterns exposing them to submarines, fast torpedo craft, and minefields.
Such speculation appeared in Warship Magazine Annual 1992 in the article "The Sverige Class Coastal Defence Ships," by Daniel G. Harris.
The problems of maintaining an army in Sweden without sea superiority were emphasized, and the lack of available suitable units to face the Swedish navy was pointed out (“Stations for battle”, Insulander/Olsson, 2001).
Summarizing the question of effectiveness for the Sverige class, it is likely that despite a good armament they would have been too small, slow, and cramped (from both a habitability and essential ship's stores standpoint), along with having insufficient range, to perform adequately against any traditional battlecruiser or battleship in a blue-water scenario; however, if correctly used in their home waters and in a defensive situation, they would probably have presented a major challenge for any aggressor.
The Second World War put an end to a similar project to obtain fast capital ships in the late 1930s with German assistance.