Placed in consideration = cool.
(D'oh - Battle of Midway should be Operation Midway...)
I just read Eishtmo's timeline concept and it looks like the events in 2327 could match up pretty well with what Awakenings describes as Operation Midway:
On or about April 16, 2128 [sic - should be 2328], a huge GTA invasion fleet entered the Antares-Vasuda jump node. The fleet, consisting of fourteen GTC Fenris class cruisers, nine GTD Reliant class destroyers, and three GTD Orion class destroyers [two of which were the Iowa and the Moscow], disappeared moments after entering subspace. At the Vasudan end of the node, one ship, the GTC Hornbeck, emerged.
The disappearance of the fleet stuck the GTA in a bind. The loss of the fleet caused our forces to cancel Operation Midway (the invasion of the Vasuda system) and almost caused the Terrans to lose the T-V war.
If we set this as simultaneous with the Battle of Talnia, we have a very nice intersection of four campaigns.
Here is the timeline we absolutely know for sure from canon:
Pre-2321: Fenris, Faustus, Elysium, Ra ship classes exist
Pre-2323: Anubis class developed, Ankhs begin to phase out
Pre-2333: Amun class developed
Somewhere in 2321-2322: First run of Leviathan class begun
2321: Terran-Vasudan War starts
2323: Hermes escape pods introduced; GTD Goliath (unknown class destroyer) destroyed at Rexias 4 by kamikaze Anubises; first use of Hermes escape pods
2333: Typhon class destroyer introduced; Vega Engagement leads to destruction of GTD Eisenhower (unknown class destroyer) and much of the 4th Fleet
2335: End of T-V War
And that's it - the rest of the (scant) information is wildly flexible and pretty much acceptable to put at any time during the war.
As far as Reliant vs. Orion classes, look at the Orion and the Typhon. They're about equally matched, yet the Typhon was only brought out in 2333. Even taking into account that Vasudans design and introduce ships slower than Terrans (due to Terrans' intelligence and versatility - c.f. tech database) I can't imagine that the Orion was in service for the entire T-V war...it causes too much imbalance in favor of the GTA.
So this is why a smaller Terran destroyer class makes sense. The smaller destroyer (suppose it's the Reliant) is a logical step in size between the Repulse and Orion classes, and this way we can say that the Orion was developed in the middle of the war (before 2328, according to Awakenings) and the Reliant was phased out by the end of the war. In this case, the GTD Goliath was almost certainly a Reliant (unless there was yet another destroyer class - unlikely), and the GTD Eisenhower was probably an Orion.
Creative conjecture is cool. (So is alliteration.