I have now extensively used The Cutter, Federal Corvette, and the Anaconda and here is what I have learned.

I just sat down in the Elephant Butt Leather for the first time a couple nights ago and I can confirm the OP's views on the Cutter. Although it's not a given that it's a 1 billion credit boat anchor. With hunting discounts and some module re-use from the previous Anaconda and T-9 I outfitted a miner for about 315 million and a hauler for about 650 million. It's definitely going to take some effort to get used to maneuvering this whale in the rings but I managed with a fairly sluggish Anaconda when every insisted I needed a Python or Krait so I bet I can adapt. Besides, I put good shields on it so if I gotta rub under a rock a bit it's fine. It's largely D-rated but engineered to get the weight down and keep the jump-range up. 42LY with 1/2 load (256T) and scoop for exploration. 38 with full load (512T) and no scoop.

The hauler is setup with better thrusters and shielding along with a full array of weapons. It's a bear to turn in a fight for sure, you can feel the difference from the Anaconda. However, it's fantastically more joyful to fly than the T-9 and it's weaponry and mass lock factor mean anything dumb enough to interdict it is either going to get destroyed or lose it's prey so a completely different experience to the T-9 which can't fight (well not good anyway), can't run, and can barely evade. I can configure it to carry 712T of cargo, jump 37LY (30LY laden) and hit 475m/s boost fully loaded. That's with armor and HRPs as well. It's a pretty fantastic upgrade to the T-9 and carries about 2.5X the price tag.

Not sure about building one as a fighting ship. It's very poor maneuverability does not suit my fancy in a CZ or Rez and I do pretty well in a Challenger that costs about 10 times less.

I think the OP is pretty bang-on regarding the Cutter. It's actually a compromise in some ways vs my Anaconda but it's capacity and protection make up for it and thus worth the trade-off. I'm still basking!!!! :cool:
 
In terms of looks, I'd say the Anaconda is a nice change from either a star destroyer looking thing or an elongated sphere with stuff stuck to the sides. Looks like it would make a good fleet carrier if you removed the massive panel on top containing the bridge and upper thrusters and just left the undercarriage and pointy bit at the front, and upscaled it.
 
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