I use that quite often.
The only problem is because the closure rate is so fast and the angle, and the "from nose to tail" bit, you never EVER do catastrophic damage in 1 pass.
I don't like that type of attack because it puts me in a bad position afterwards, wastes ammo, increases the chance of a ram, and doesn't remove a bomber from the formation (so no reward for your efforts), and afterwards -- well you're in a bad position now.
Instead of doing that I'd rather take the time and effort to set up an attack that has a better % to kill one of the drones, that way if I'm in a bad position afterwards, there's only 2 left.