Privateer Theory

I love privateers!!! once i sent 2 into a choke point and i ended up with 15! Even though the original 2 were killed in the process....Then the civ using that passage got destroyers.... bye bye Privateers lol
 
I generaly like to play as a peaceful civ, but really hate the AI settling an island before i get around to it, or when there's a few small spaces on the island and they found a city there.
So i tried using privateer's to stop their transport galleys, but more often than not I would lose a veteran priv to a standard galley :( Any advice for using them? should I just build larger groups of them to compensate for casualties?
 
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