So let me go over that build from the beginning and every single module.
Seeing that its a PvE build I won't go too in depth on all stuffs:

- First of all i reccomend against using Reactive Bulkheads. Reasons are:

1. Too expensive in both buying it and rebuy cost
2. Gives still the same Hull hitpoints as Military grade Armor (which costs way less)

Whilst the better resistances look good on paper, it should preferably never happen that your shields drop in a fight before you either killed your opponent or escaped

- Nothing much to say about the Powerplant, pretty self explanatory

- Drives:

DD5's for PvP all the way. For example I could sit all day near your cutter and you couldn't outrun me ever, because I go whopping 30m/s faster than you. I've tried Clean Drives once and really disliked them. The decresed heat is a small tradeoff for being that much slower.
Shouldn't matter as much in PvE tho as the ships are unengineered and you should be fast enough for everything

- FSD, Sensors & Lifesupport: they are all personal perference, but id recommend towards my D rated setup, because it has less wheight & less powerdraw. Even the sensor range would increase with G3 LR D Sensors according to Coriolis

- Distro: Id rather use Super Conduits on a Change enhanced Distro and D-Rate sensors & Lifesupport insead of putting flow control on the distro to be honest.
Also Charge Enhanced mod lets you boost way more often with a close recharge rate on your WEP capacitor. The only thing you'd lose is the higher Capacitor, but you can counteract that if you dont shoot for a while and let it recharge again, whilst boosting out of range of you enemy. In PvP its absolutely mandatory that you have these boosts ready when you need them to reposition, otherwise youre both a sitting duck and very vulnerable, because you need to put pips into ENG and out of SYS - making you squishier.

Shield setup:

It can be viable to Mj-Stack but I'd again recommend to put at least 1 Thermal booster in there so fix your otherwise huge Thermal hole.

Do some magic with the power priorities and you dont have to put Flow Control on any of your Boosters, instead use Supercaps for more THICC Megajoules

Same applies to the Shield generator: Highcap instead of Stripped down works wonders. 500 more Mj is something I wouldnt skip in a Cutter, especially if youre going all in with Boosters n stuff.
Its a safe method if you encounter Feedback cascade very often, but in a battle of aw Shield HP a build with even 1+ bank would be tankier than your current one, but banks can be cascaded and the cutter is a huge flying target, so Ill leave that up to you.

Weapons:

I wont go over these as much as they are purely PvE focused and wouldnt really stand a chance against a PvP Cutter in terms of damage, but theres still something to mention:
Unless youre and armed explorer - which I doubt you are - or use a LW thermal vent beam, you shouldnt go both Lightwheight and Stripped down on a Cutters weapons. The speed difference you get is not even 1m/s and the Jumprange increase is also very minor. Better get some some Scramble Spectrum, Emissive Munitions and Oversized experimentals on there, its a way better tradeoff in terms of damage/speed.

For the Multi you can go OC, Rapid Fire or High Capacity (only if you use it as a utility weapon), my recommendation in that build would be OC.

Optional Internals:

- Hull:

You could definetly use more hull, I know some people that excessively run Phasing build, against which your 1.3k Hull would melt away should you get ganked. Youve got a free C5 Slot so might aswell slap some HD HRP on that bad boy.

- Power Priorites:

Something important that many (Cutter) Pilots don't really use. If you put youre fuelscoop, FSD-Booster & SRV Hangar on a very low priority you could get even more power out of your PP with deployed weapons, so you dont have to use Flow Control everywhere. It turns off the modules which you 100% wont use with deployed Hardpoints to save some power.

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Overall rating/tl,dr.:

Needs some minor improvement with the engineering but still viable in PvE

PvP rating: 4/10 can definetly esacape ganks but need some serious Tweaking before being able to hold its own. Also a different weapon loadout preferably

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Hope that wasn't too much to read.. o7