Your argument has merit only if the ship is very tough AND has good firepower, which we weren't discussing ("Big ships with very heavy armour, but little weaponry"). If you build one ship that can take massive damage but dish next to nothing out, the enemy will just leave it for last, since it's no real threat and concentrate on the ships with the real firepower.
And you can't even use such a "tank" to shield any low health, high firepower ships, since that would block their shot at the enemy just as much as the other way round.
It could work to some degree with something like the Narayana in BP2, since it shoots it's torpedoes out to the side, before they turn towards the enemy.
The only sensible way to use such blockers would be to buy time, either for a retreat or so the strike craft can take out the enemy heavy weapons.