Well...
If your station is attacked and blown up, then you lost everything. My stations have only one purpose, they defend my mining modules and the harvest. I have my SLBs on my ships, they are big and valuable modules, MD...MM. I don't risk to loose them, cause if my ship is attacked, I might loose the scientists, but not the modules. I advise you to have 4-5M power in your station if you want to be kinda safe...
. Careful, here are some hardcore pirates lurking out there.
BUT... If you fly Faaar away from sol, Morgan, and other strong pirate just won't find your little nest. I advise you to use distance as a defense...distance is relatively cheap, just fuel cost.
And your factory ship...here another tip...
...(typical teddy, can never shut up). Lol
A Titan is a very good factory!!! It has 12 manufacturing bays...
Those ManuBays have a value: ship license + Titan cost divided with 12.
Now, getting a Titan and upgrading it to a factory has a cost...easy to count: Titan factory enhancement X + Titan ship divided with 48!....
Count it out bro, is it cheaper for you to get 4 Titans, or one Titan factory X?
I'm not certain what the economic point was... 12...13 titans cheaper then a factory...long ago.
Enjoy, fly safe, buy cheap, sell very expensive. No mercy in the world of income and economics!