I cannot find anywhere that the Armored Prow upgrade for a Cruiser cannot be stacked. So, consider the following:
A Lunar Class cruiser has ~30-40 Power and Space after buying Essential Components, generally.
Armored Prow takes 4 Space.
Augemented Cruiser Retro-Thrusters take 5 Power.
A Lunar Class Cruiser is therefore fully capable of equipping itself with 5 Armored Prows and 4 Augmented Retro-thrusters while retaining some other utility. It will have a Prow Armor of 40, and a Manueverability of +30.
Then, imagine if it uses that hefty Manueverability to engage in Ramming. Let us imagine it hitting, say, Dauntless Class that did not anticipate the speedy reactions of its larger cousin. Assume that the Dauntless has standard armor on all arcs. Heck, give it an Armor Plating. The Dauntless is rammed in the side, where it possesses 20 Armor. It takes 7d10+40 damage, ignoring Shields, but not armor. On average, this means loss of approximately 50 structure, crew, and morale, and potentially enough to inflict a critical value of 30. The Lunar class, in return, suffers 20+d5 damage, which it ignores, due to the reinforced nature of the Prow.
So, in conclusion....
WHAT. THE. FRAK?