Yes, I feel conflicted as well about this story.
The U.S.S. Arizona's bells were removed form the ship. However, salvage work on the Arizona began while the ship was still smoking and the bells were above the water.
The MailOnline story...
...says that H.M.S. Hood Association is fine with the operation.
Keeping the H.M.S. Hood's memory alive is, I think, ultimately for the best.