CursedPh4nt0m In my opinion, The Alexander is strong. If you are comparing it to a rail ship of that size then no it is weak. But what is stronger than rail guns over 200k anyway?
The problem with most players is they don't seem to understand the situation they will be put in the final fight, it has a large escort of ships, and a large amount of missiles. Kiting will be a risky strategy and this challenge punishes risk harshly. Regardless I agree it is hard to get to the fight in the first place.
I don't think most are doing this for the bounty either but I also don't want this challenge to just die like others that have been suggested. And it is a lot of work to try to pull off so I think $50 is worth the effort more than $20.