What are the C8R's advantages and disadvantages compared to the Cutlass Red?

The C8R is a much smaller ship with smaller components, meaning the general operational cost will be lower as the components are cheaper to maintain. It can also fit inside most ships with a designated hangar, making it a fantastic addition to some of the larger ships in the game. However, due to the smaller components, the C8R is more vulnerable to attack than the Cutlass Red.