Does it have a purpose, or is it just an artifact of when ships gained xp. I though it was a pretty cool feature from the first game and would like to see it respired.

You loose less Moral on your fleet for an emergency warp jump then for an death ship

As androas wrote, you lose less morale...and less points if you play with cap points.

any idea how much less moral and points?

@powercore2000 half