I got lucky in the campaign during that darn hard scenario, somewhere halftrough. Forgot the name, but I'm sure you know which one I mean. When I captured a Dread Lord planet I got the third best laser in the game. With that, I was able to build ships that could match the DL's ones. I researched up the logistics tree and the warpdrive tree and was able to make fleets with lots of lasers on lots of medium hull very fast ships. With that I was able to kick their buts. After that my luck ran out, because when I was building an invasion fleet, the DL's used a new tactic: in stead of sending one quite strong ship against a fleet of mine, they began making fleets too! That had me running for cover.
Now that I was on the defense, I had incoming troop transports. So I build super fast ships, with which I could blow up those unescorted transports. However, I had to research better planetary defense as I couldn't stop them all. When I had that covered I began a war of artrition: the DL's need a HUGE economy to run their empire, so I just sended a large number of very fast troop transports to conquer and demolish one of their planets, let them take it back, while having gained some nice technology in the process. That way, I insured that every ship that I destroyed, stayed away, because they didn't had the resources to rebuild it. After a while I was technologically advanced enough to match their ships one-on-one and that's how I could win. Needless to say that it took me a week or so to finish that scenario. But it was fun

!