Eh, cruisers are fodder, it's best to consider cruisers working in a partnership, although this didn't happen much in canon, it's obvious which cruisers are better when you jump them in together.
Liliths' are okay because their PD turrets are decently fast (the shivan ones are far better then the FS2 GTVA ones), the fish launchers are somewhat effective against the AI, and the LRED is cool.
Aeolus are better, actually, because of the flak screen along with the better AAA coverage, the SGreens allow it to do a little bit of anti capital ship damage, but that's not really what a cruiser is there for.
The Hyperion - I must admit I haven't seen working in a pair, but as you see in BP, if it's deployed in a tactical fashion it can be very useful.
Frankly though they're all way too easy to disarm if they're solo, or even supported at a distance by other fighters/capital ships, they all need close support and a lot of attention.
Edit; I should also drop a note in here... Cruisers tend to be more fun to play around, they change the game(mission) dynamic faster than any other vessel, they shift player focus and priority on arrival, and thus have the most impact on your play.