I thought I was just seeing things anecdotally, but hearing others complain too I'm glad to see I'm not alone.
I have ships with hammerheads. An intelligent captain would think you'd save those for when you're in close range of a non-phasing capital / cruiser / heavy destroyer with downed shields or ideally over-fluxed and incapable of defending themselves. Where you stand a solid chance of the dumb-fire anti-armor missile aligning on target, surviving PD, hitting the target's armor instead of shields, and doing solid by not excessively over-kill damage to a threatening ship.
Instead my ships tend to launch them as an opening salvo in battle...at max range...against low-threat nimble frigates trying to cap points like kites / shepherds / etc or ships clearly capable of phasing or phase-skimming....protected by a swarm of PD strike craft....I can't describe the face palming as 99.99% of the missiles are either easily shot down by the enemy's PD as there is nothing else they need to focus on, or simply strafed. Nor can I describe the torrent of expletives I yell at my screen when the enemy reserves their missiles for the thick of battle and does what I just said an intelligent captain would do.