Well I doubt that. Jaguar can carry two or three droptanks, but not apart from it's regular payload, but sacrificing it's payload for fuel.
For range hit , lets use your own Fuel Fraction idea.
First off On internal fuel Jag has better Fuel fraction than MKI, (0.39 vs 0.308).
Now lets look at your 2500 KG payload,
The centerline and inboard pylons were rated at 1,130 kilograms (2,500 pounds) each, while the outboard pylons were rated at 565 kilograms (1,250 pounds) each. Total stores load was 4,540 kilograms (10,000 pounds). The centerline and inner wing stores pylons were "wet" and could be used to carry up to a total of three external RP36 tanks, with a capacity of 1,187 liters (313 US gallons) each. A retractable inflight refueling probe was fitted on the right side of the nose.
ref
https://fas.org/man/dod-101/sys/ac/row/jaguar.htm
So for your scenario of two Ext DT, you have three stores left lets say you have 1130kgs at the center, and then out board at 565kg. So Jag in the two ext DT config can only carry upto 2260 and not 2500kg even if it wanted to.
(And in three DT config it can only carry 1130 Kgs at outboard. )
For sake of simplicity lets say your strike combat load is 2260KG.
Now lets look at the fuel weight, internal fuel of as rightly pointed out by
@The enlightened , in liters for the Jag is 4120 liters i.e 3254.8kgs
And the external tanks are 1187 liters = 937.73kg but afaik you cannot have a DFT and additional munitions on a multi rack at the same store(correct me if I am wrong) So although rated for 1130, you wont get more than 937.73 kg of fuel on the wet station.
So with two full external tanks = 1875.46 Kgs, Possible payload 2260Kg and empty weight of 7000 kg and filling up the entire internal fuel 3254.8 kgs, the gross weight of a 2260kg Payload in strike config will be
14389.8 kgs.
As far as range estimates from Irkut we know both cruise altitude range and the low altitude range for the MKI.
Су-30МК: летно-технические характеристики -Су-30МК -Продукция
For Jaguar, we know the Low altitude range with ext fuel, but no specific high altitude range, the closest is the 1410km is Hi-Lo-High, so to discount LO aspect of the number, the assumption for the calculation I made is high altitude range for the Jag of 1762 (Half of it's ferry range).
Given we have have some info of the ranges (assumed clean for both) we can calculate the Fuel Fraction for both clean with full fuel.
Given a 2.26 ton strike payload, we can also calculate the Fuel fraction for both and estimate the range hit.
View attachment 2005
Based on fuel fractions MKI might outrange the Jag by almost twice.
in addition it will have exceptional maneuverability and speed compared to the jag with a TWR of almost 0.5 compared to 0.3 for jag at dry and almost 0.83 compared to Jags 0.46 after burner TWR.
Using the same calculations as above
View attachment 2007
Now in a strike role if we want a sluggish MKI, which can at worst go to a 0.39 twr dry, MKI can carry an additional 8.7 Tons of Strike munition than the Jag and still get a 789 Km range based on a 0.248 Fuel Fraction.