Just regarding your comment that 200 ping is unplayable:
Since the game was released on steam I have lived both on the east coast of the US and in Europe, and have played on both PVP1 and PVP2, so I've experienced pings from 50 to 900. I personally found that stern raking at 300 ping was manageable, once you got used to it, because it's fairly predictable when you have to fire. Lower pings were obviously easier, and at about 900 the game was basically unplayable in smaller ships (at my skill level anyway).