T1 set at high speed and the destroyer at 600m is the best for convoy escorts, time it after they have just finished the last major turn. It also good for down the throat shots.
Electric torps are better for lone escorts thet are running along fat, dumb and happy, it's means you can fire at a greater range.
Homing torps (got to love em!!) are best for high speed targets that are manovering, depth charge attack and so forth, and are close in. Just remember that time give to impact will be off as the torp will home in on a moving target, and it may have to chase the target for awhile (if the taget goes faster the the torp's top speed it will get away in a tail chase).
remember it best to leave escots alone and hunt the big boys, not the tiny tots.
Good hunting and may the sound of screeching metal be of your enemies and not of yourself.