I'm not sure what role it could fill with its current stats, if any. Fast freighter? Hound/Hermes is better. Any typical frigate role like escort or strike? There are better and cheaper (both credit and logistic wise) alternatives for everything. Seriously, why does it cost three times as much as a Lasher?
And then there is its devastating weakness against missiles, even with Vulcan Cannons. I guess a shield hullmod fixes that, but as we now those are OP costly and not always available.
I could imagine different solutions.
One would be if it stays expensive like it is, but gets the speed and maneuverability of a Hound. That would make for an interesting ship.
Or it stays slow, but gets a drone system, like TuP's Foxhound. A offensively used drone system is a lot of fun.
Just making it cheaper or buff it's overall stats would work too, but I want to like that ship, and that sounds a bit boring.