When I get into that situation, I have three choices.
1. Give him the best no-respect turn you can and take your first available shot even if you KNOW it will result in an overshoot. An aggressive first move may place your enemy on the defensive, and at that point you're halfway to beating him.
2. Do everything possible to save your position behind his wingline. Drop flaps, gear, chop throttle, maneuver aggressively out of plane (in this case a barrel roll may have let you fly a far enough distance to not overshoot). This will commit you to the fight, but by giving up a shot opportunity you may save enough positional advantage that you can then start working for a good shot. Unfortunately, if he's good enough, you've comitted to the fight until it's bitter end and he may just kick your butt. If you have a wingman, this is how the "engaged fighter" and "supporting fighter" tactic works. You engage and pressure the bandit without letting him immediately kill you, while your wingman takes his time and grabs an easy shot hopefully before the bandit kills you.
FWIW, this is how Drex and I worked the con tournys. I would pass up easy snapshots and save my positional advantage/neutrality, to ensure that I could support Drex if he got into trouble, and to ensure that I didn't leave Drex all alone against 2 bandits. It worked pretty well. I didn't get many kills in the tourny, but I didn't die very often either. Most of our opponents had nothing in mind but killing either Drex or me, while I just wanted to survive long enough to make sure Drex never had to fight more than one bandit. It is a conservative tactic that works even better when your opponents are too eager for the kill, and it's why Drex and I flew so well as a team.
3. WEP and split-S out of the fight. Lift your skirts and run like a schoolgirl. Holler for help if you feel really threatened. Drag him through some ack if you want to buy the grunts beer at the club that night. Oh yea, the ack is AI... Anyhow, just run like a sissie and give him the moral victory. He's put rockets into your O-club and you let him get away with it, and in fact gave him your tacit approval by not even shooting back. Shame on you
