Is there any documentation for how initiative mode works? It's not mentioned in either the supplied MOO2 manual, nor is it in the 1.50 notes.
Version 1.31 Changes
Tactical combat ship initiative is now an option on the Game/Settings
screen. When this option is enabled, ships in combat will move in
the order of their initiative rating. The initiative rating is equal
to the ship's total beam offense bonus divided by 10 plus the ship's
current combat speed [Offense/(10+speed)]. Thus, smaller ships should
move before bigger, slower ones.
Bah, in Master of Orion 2 readme from patch 1.31 (where it was introduced).