I personally keep them set (on my test server) at 1 million damage, to effectively ignore shields. With the upcoming HP system however, this will be significantly overpowered.
I want three options to turn these underutilized blocks into what we all hope they could become:
1: OPTION to ignore shields in server config. I don't thing everyone should be subjected to them, however I feel that server owners should have the option to have warheads as a counterbalance to oversize capital ships. Especially with the new rails update, a bomber could carry several Warhead armed projectiles and use them to great effect.
2: AI Ramming mode. It needs to happen people.
3: Stacking damage with grouped warheads. There was talk of this earlier in development, but I think it has fallen by the wayside. Bring back bigger bombs = bigger explosion!