nice thread. I've been playing ED for a little while with the VR, off and on. I have a Samsung Galaxy 4 that I use as my VR test bed, (after puttering around with the iOS vr for a year with other games.)
My primary method has been using Limelight and local fiber based wifi, and I have had fairly decent success. The lag isn't horrible with tweaking to the graphics and getting lucky with off peak internet hours, and yes it's very low cost, since ED was wise enough to include built in splitscreening. I've experimented with Trinus and other programs, in efforts to drive big damn robots over in another galaxy, and I've found this Limelight/Opentrack to be the most stable and easy to use. Takes minutes to set up, and I generally like to plug into usb just for power reasons, but I have also done data over wire, and the speed difference isn't much.
I'm using a GTX 670FTW with 18 GBs of mem and an I7-930 backing it up.
One thing I've toyed around with are the VR settings under the options menu in ED, which lets me go from a rather flat kind of general 3d feel, to a more "womb-like" cockpit experience. I will check the threads to see if other people have done the same. Seems like most around here are Occulus or Vive users though.
I will say this, I tried using the Steam VR emulator through that RiftCat software, and holy crap was it bad. Barely usable, extremely blocky, almost like 8bit. Felt like a flashback to 1986 and a Star Wars arcade cockpit. I was disappointed because I was out of a bit of coin, but it made me appreciate the wonderful graphic fidelity of this VR method instead. I've never had the opportunity to try an Occie or a Vive with ED (Can't convince one of my rich friends to take the plunge, lol), but I do wonder how different the experience is. If everyone is seeing what I saw with Trinus(jerky but nice if prone to temperamental network issues) and RiftCat (looked like LEGO Elite Dangerous), I could see why they would be down on the possibilities of Cardboard\OpenVR. But Open\Lime, I wish I could compare them. I think it's nice.