You see Cutters so often because they are pretty much the best ship in the game with regards to mining/trading/any type of hauling. They out-class even the Type 9 in terms of sheer capacity. Therefore they are among the best CG ships.
On the flip side, they can also be over-engineered into shield behemoths given their already beefy regular shield allotment.
Vettes you don't see as much of because of their poor jump range, poor cargo space and just the general fact that, as a PvP ship, they are generally worthless without a wing to back them up. For me, driving the Vette is a bit of some self-made RP because I intend to over engineer the living hell out of it until it has a decent jump range and then take it out into the black nothingness of the galaxy.
Overall I view them as a bit of an e-peen type thing when seen around the bubble but that also probably stems from the fact that I used to do a lot of PvP and seeing one in a PvP situation meant an easy kill with a lot salt from a pilot who thought he was going to wreck face in his shiny new Corvette. Especially after being destroyed in a 1-2 punch by a pair of FAS. Now, with 2.1, the Cutter can actually be made into something quite formidable.
All of that aside. The grind is very real in ED and stacked heavily on top of more grind. It needs to be balanced so that players aren't finishing one grind and having to move on to the next.
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I've pushed engineers to rank 4 by spamming tier 1 upgrades from excess mats that I've just picked up over time as a part of my natural progression in the game, but I do missions, check USS/POI as a part of my normal gameplay, so when I decided to hit up the engineers, it was a simple matter of spending what I had already collected. If it took you three days... I don't know what you were doing, but you were doing it wrong. I haven't pushed any to rank 5, but I'm sure that I could, since getting to rank 4 wasn't even a noticeable hassle. The only engi thing that I've done with the express purpose of doing an engi thing was spending 20 minutes wake scanning, one time, and that was actually interesting.
Yeah, because actively hitting up all USS indicated to "possibly" contain the mats I'm looking for and finding nothing while also doing all missions that offered mats as I rewards when I came across them was doing "something wrong". Sure. The only thing I've been able to reliably find is arsenic and sulfur.
Like you, I too had a lot of mats, a metric ton of them, from just flying around and doing random things, hitting up USS' as I came across them and just scavenging whatever I could. When it came down to actively searching out the mats I needed though, this being after I'd pushed Farseer to Rank 2 doing Rank 1 upgrades until I ran out of mats, I couldn't find anything.
(Go figure that the missions I'm spamming now are dropping the mats I need, a month later)