Laser Torpedoes are a special weapon that has the unique ability to track targets, allowing them to reliably hit. The main advantage of them is that they deal massive burst damage reliably at long distances. This allows you to cripple small ships easily as they cannot dodge it easily. They also deal good damage to stronger materials such as iron, making them useful against Ironclads. However, they do have a couple of drawbacks. The first one is their long reload times, which prevents them from dealing good sustained damage. The second one is that they are countered by point defence, commonly found on more expensive ships, and therefore is usually less effective against them. However, overall a Laser Torpedo Tube is usually valued higher than a Heavy Mount, especially when a ship comes with many of them.
These big, slow missiles store power from the ship's sails, and then use it to power their own engines. Laser Torpedoes explode when they make contact with a ships hull, doing terrible damage. Nimble ships can often outmaneuver them, so get in close to ensure a succesful shot. As a Torpedo tracks the enemy target, it will detonate should a careless ally ship get in the way.