I've faced this dilema as well
I generally try to set up a constant bearing solution ahead of a convoy then go deep and wait for the lead escort to go by.
Then rise up to periscope depth when the first row of merchants approaches my firing line. I start with the one nearest my firing solution and work back to the nearer ships. If they're all small fry, I can down scope and wait for line 2. Of course, I'm playing with map updates on so it's easier to do this.
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AMD Ryzen 7 2700X Eight-Core Processor, 3700 Mhz, 8 Core(s), 16 Logical Processor(s)
Windows 10 Home
Installed Physical Memory (RAM) 16.0 GB
NVidia RTX2070 16 Gig
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