As per the picture:
-Add an arrow showing the ships perpendicular direction along with a reading of its speed in that direction
-Add a reading of the ships closing speed + or -
-Remove all trace of the circle of yellow lights and display the same information to the entire ship instead
The rangefinder would then be at least somewhat useful without being an actual aimbot or needing any in depth new mechanics.
Notes
-The arrow is just an arrow, it shouldn't scale to speed since that would be either too easy or misleading if it did/didn't align to the aim needed
-The speeds should be relative to your ships speed but shouldn't account for turning