Real good post on RSI about how they have reworked the damage system and the efforts that have been put in to modelling the damage to our screens. Well worth a read.
The effects when shown on screen in the video really are exceptional.
https://robertsspaceindustries.com/comm-link/transmission/14568-Design-The-New-Damage-System
If you can't be bothered with the detail and background and just want to see the end result without having to think, then watch the video demo.
I particularly love the projectile physics demonstrated in the last 30 seconds or so where the rail gun projectile impacts slowly start to rotate the target ship which goes into an increasingly fast roll.