Basically, I want to hear tactics with the Drogue Chute. Recently, to me, it seems that people go as high as they can, get their balloons busted, and then Drogue Chute down, which I find irrelevant.
Since the Drogue Chute is used mostly when balloons are busted, that means the weapons in play would be the carronades or Lumberjack, and utilizing the chute at a high altitude just makes you an easy target for both of those guns, and any other gun out there. Even with the Carronade fix, your slow decent can now easily be matched to any ship tailing you with a Carronade, thus keeping your balloon a nice target to blast out again.
So, when would you want to utilize this weapon? For me, it seems to be right before you hit the ground nowadays....if I were to use this tool.