Privateer isn't a privateer with out this ship. While it is one of the best Privateer warships, it can only be rated as a very costly so so medium warship. It's use is not really for combat, but for it's large list of ship devices.

A privateer only hull that can be auto-captured back.

Note that while it has a cloaking device, it is only partial and the ship is so noisy that it is useless.