Assembly Hall

At the end of the day, there's no one who can say that cruise missiles are balanced. They are comparable in every way to any other weapons platform, but lower damage against small targets and the delay.

But it's even more simple than that. The delay. Just the delay. Without SOMETHING, ANYTHING to make up for it Cruise missiles are and will always be a bad, sub-optimal solution.

EDIT: Another fun fact for everyone's digestion: I was informed today that the Incursion group I've just joined doesn't allow ANY caldari ships in ther Inucrsions except the Naga or Rokh in emergencies when they can't find anyone else. This is partially on overall problem with Caldari ships, obviously, but you can see that this is just another loss for missile boats.