Here's the set as built to instructions on an IO Frigate Base. I think it looks pretty good and the overall length is just 11 studs.
Here's the alternate build I came up with. I'm calling it the "Rhino". Stats: 2Rd+8/2B/2W.
Can you build a frame, or frames, right away? Yes, it's not very pretty though. The regular build is a perfectly serviceable IO Frigate right out of the bag. (+5)
Is it below, at, or above the golden ratio? Below. (+5) (The Golden Ratio is $0.10 per part.)
If you can't build a frame right away, or choose not to, does it have parts you should be able to put into use right away? Yes. (+5)
Does it have more than a handful of immediately useful parts? No. (-5)
Score: A- (+10).