As I stated somewhere else, I am currently of the opinion of smaller is better as far as missiles go.
Some examples to make clear what I am talking about:
Missile Size: 3 MSP (0.15 HS) Warhead: 3 Armour: 0 Manoeuvre Rating: 10
Speed: 17600 km/s Endurance: 43 minutes Range: 45.0m km
Cost Per Missile: 1.63
Chance to Hit: 1k km/s 176% 3k km/s 50% 5k km/s 35.2% 10k km/s 17.6%
Materials Required: 0.75x Tritanium 0.63x Gallicite Fuel x1500
Missile Size: 6 MSP (0.3 HS) Warhead: 6 Armour: 0 Manoeuvre Rating: 10
Speed: 17600 km/s Endurance: 43 minutes Range: 45.0m km
Cost Per Missile: 3.26
Chance to Hit: 1k km/s 176% 3k km/s 50% 5k km/s 35.2% 10k km/s 17.6%
Materials Required: 1.5x Tritanium 1.51x Gallicite Fuel x3000
Missile Size: 12 MSP (0.6 HS) Warhead: 12 Armour: 0 Manoeuvre Rating: 10
Speed: 17600 km/s Endurance: 43 minutes Range: 45.0m km
Cost Per Missile: 6.52
Chance to Hit: 1k km/s 176% 3k km/s 50% 5k km/s 35.2% 10k km/s 17.6%
Materials Required: 3x Tritanium 3.27x Gallicite Fuel x6000
Now, those three missile designs are all made using the same tech levels. They have exactely the same specs except for warhead strength.
For a doubling in size, I get a doubling in payload.
If I have space enough to mount, say, 3 size-12 launchers, I could also mount 6 size-6 launchers or 12 size-3 launchers.
While a hit by a size 12 missile will penetrate deeper into the enemy armor, getting a missile through enemy point defense with a 3-missile-salvo will be much harder than with a 12 missile salvo, so personally, I will allways prefere the smaller, more numerous launchers.
As for preferences in missile design:
1) Missile has to be faster than my own max. tracking speed, i.e. if I can build a targetting system with a max tracking speed of 12.800km/s, I am shooting for at least 16.000km missile speed.
2) Range as much possible as long as I can mount a reasonable warhead. For Fighter/FAC missiles I might go for shorter range and larger warhead.
3) Manouverability only if there is space to spare (which usually isn´t) except for AAMs, for which I try to squeeze some in.
Now to compare regular size and miniaturized launchers.
This is a design, mounting 9 standard size-3 launchers with enough magazin space for a little more than 14 salvos
Gneisenau class Missile Cruiser 5900 tons 596 Crew 846 BP TCS 118 TH 154 EM 0
2610 km/s Armour 3-29 Shields 0-0 Sensors 18/1/0/0 Damage Control Rating 4 PPV 27
Annual Failure Rate: 69% IFR: 1% Maintenance Capacity 358 MSP Max Repair 96 MSP
Magazine 387
MTU Typ 44 Atomares Pulsations Triebwerk (7) Power 44 Efficiency 0.96 Signature 22 Armour 0 Exp 10%
Fuel Capacity 150,000 Litres Range 47.7 billion km (211 days at full power)
Krupp ASR-Werfer 3/30 "Morgenroete" (9) Missile Size 3 Rate of Fire 30
Bosch Typ 32/50 Raketenleitsystem (1) Range 48.0m km Resolution 50
ASR-3 Zaunkoenig (129) Speed: 17600 km/s End: 42.6 minutes Range: 45m km Warhead: 3 MR: 10 Size: 3
Bosch Typ 96/50 Radarsystem (1) GPS 4800 Range 48.0m km Resolution 50
Siemens Typ 18 Wärmesensor (1) Sensitivity 18 Detect Sig Strength 1000: 18m km
This ship is basicly the same cruiser, only it trades the regular launchers and magazine space for 100 box launchers and a 2nd missile targeting system. While it can only carry 100 missiles compared to the 129 of the above design, it can throw one or two realy devastating salvos at the enemy. If I scrap the 2nd targeting system, I can cram in another 10 launchers, but I think with the amount of ordanance this baby is capable of throwing at the enemy in one go, a second one is mandatory.
Gneisenau II class Missile Cruiser 5850 tons 300 Crew 776 BP TCS 117 TH 154 EM 0
2632 km/s Armour 3-28 Shields 0-0 Sensors 18/1/0/0 Damage Control Rating 4 PPV 45
Annual Failure Rate: 68% IFR: 1% Maintenance Capacity 332 MSP Max Repair 96 MSP
Magazine 300
MTU Typ 44 Atomares Pulsations Triebwerk (7) Power 44 Efficiency 0.96 Signature 22 Armour 0 Exp 10%
Fuel Capacity 150,000 Litres Range 48.1 billion km (211 days at full power)
Krupp ASR-Werfer Typ 3/0 "Nebelwerfer" (100) Missile Size 3 Hangar Reload 22.5 minutes MF Reload 3.7 hours
Bosch Typ 32/50 Raketenleitsystem (2) Range 48.0m km Resolution 50
ASR-3 Zaunkoenig (100) Speed: 17600 km/s End: 42.6 minutes Range: 45m km Warhead: 3 MR: 10 Size: 3
Bosch Typ 96/50 Radarsystem (1) GPS 4800 Range 48.0m km Resolution 50
Siemens Typ 18 Wärmesensor (1) Sensitivity 18 Detect Sig Strength 1000: 18m km