Does this fleet have any potential, or will I regret it? The idea is to have Capital Ship power and squadron power at the same time, however, my Capital ships are lacking in survivability.

Possibly a Bad Idea
Author: Admiral Attackbar

Faction: Rebel Alliance
Points: 400/400

Commander: Garm Bel Iblis

Assault Objective: Precision Strike
Defense Objective: Contested Outpost
Navigation Objective: Superior Positions

[ flagship ] MC80 Command Cruiser(106 points)
- Garm Bel Iblis ( 25 points)
- Quad Battery Turrets ( 5 points)
= 136 total ship cost

Assault Frigate Mark II B (72 points)
- Quad Battery Turrets ( 5 points)
= 77 total ship cost

Assault Frigate Mark II B (72 points)
- Quad Battery Turrets ( 5 points)
= 77 total ship cost

7 X-Wing Squadrons ( 91 points)
1 Wedge Antilles ( 19 points)
= 110 total squadron cost

It’ll definitely be interesting. Fitting in a BCC for the unreliable reds or Jan would really boost the X-wings. Leading Shots is probably better than QBTs for fixing bad rolls.

I'll second leading shots on the MC80. Boosted Comms on the frigates might not be a bad swap either, then you could hang back and force them to go through your squads. Swapping Wedge for Biggs if you have CC would help with survivability of squads too.

I dropped an AFII and added a Pelta and GR75. Pelta has near AFII firepower, and just a little less survivability. Also dropped one X wing. But adding BBC should make up for that. I also put IF to help make up for that lack of rerolls on my ships. The only bad thing to come if this is now my AFII has no upgrades.

Possibly a Bad Idea
Author: Admiral Attackbar

Faction: Rebel Alliance
Points: 399/400

Commander: Garm Bel Iblis

Assault Objective: Precision Strike
Defense Objective: Contested Outpost
Navigation Objective: Superior Positions

[ flagship ] MC80 Command Cruiser(106 points)
- Garm Bel Iblis ( 25 points)
- Leading Shots ( 4 points)
= 135 total ship cost

Assault Frigate Mark II B (72 points)
= 72 total ship cost

Modified Pelta-class Command Ship(60 points)
- Phoenix Home ( 3 points)
- Intensify Firepower! ( 6 points)
= 69 total ship cost

GR-75 Medium Transports (18 points)
- Bomber Command Center ( 8 points)
= 26 total ship cost

6 X-Wing Squadrons ( 78 points)
1 Biggs Darklighter ( 19 points)
= 97 total squadron cost

Also made this one.

Slightly revised
Author: Admiral Attackbar

Faction: Rebel Alliance
Points: 397/400

Commander: Garm Bel Iblis

Assault Objective: Precision Strike
Defense Objective: Fighter Ambush
Navigation Objective: Superior Positions

Modified Pelta-class Command Ship(60 points)
- Phoenix Home ( 3 points)
- Intensify Firepower! ( 6 points)
= 69 total ship cost

[ flagship ] Assault Frigate Mark II B(72 points)
- Garm Bel Iblis ( 25 points)
- Quad Battery Turrets ( 5 points)
= 102 total ship cost

Assault Frigate Mark II B (72 points)
- Quad Battery Turrets ( 5 points)
= 77 total ship cost

GR-75 Medium Transports (18 points)
- Bomber Command Center ( 8 points)
= 26 total ship cost

1 Biggs Darklighter ( 19 points)
8 X-Wing Squadrons ( 104 points)
= 123 total squadron cost

The longer I look, the more I think YT-2400s are a better option. They’re faster, bulkier and Rogue. If there were scarier bombers present, escort fighters would make sense. But on second glance I’m not sold on this as a “destroy their squads, then kinda bomb” wing.

Whats the Phoenix home title doing for you? Trade it for Asoka so you can use your garm tokens more efficiently.

Also maybe think about dropping the two quads for a flight controller and boosted comms on one of the AFIIs

Or drop them and an xwing for jan?

Phoenix Home let's him hold four tokens, but I'll second Asoka being really good at turning tokens into what you need for your fleet commands.

I'd drop an Xwing for even deployments and a few more points for upgrades. Maybe swap qbt for gunnery teams + Asoka?