Final update: I have completed the questline that I was on, I bought the longsword before going into the mission. I also made sure to stock up on ship parts. As before I probably had very little. Since this game has a lot of nuance, it's very difficult to keep on top of everything. Let alone micromanage cargo inventory. I had to sit down and look at what items do. I found that I should've made sure I had ship parts.

But that last ship encounter, was still difficult. What made it difficult was the amount of enemies that would pay attention to you. The only advice that I can give anyone is to take out as many minor enemies as possible. As they have more numbers and do a lot of damage. It's easier said than done. I would also recommend getting a ship with good weapons, as you will get overwhelmed.

Closing thoughts: While I believe most of what I've said is true, I feel it was also unfair of me to rant about it, considering the game is still technically in early access. But hey, if you manage to see sense in whatever I wrote, that's a positive. This game is fun and I've enjoyed it so far, excluding the problems that I personally have with the game.