Blaster Moa works with MWD these days without enormous cap or MWD bonus. Tracking bonus as a substitute doesn't look terribad to me.
Regarding Missiles:
Seems nice. The range nerf can be offset with TC/TE, the damage nerf might be mitigated by better t2 missiles that don't destroy your sig/speed. It's certainly not unreasonable, especially since comparable cruiser/non tier3 battlecruiser dps on that range (50+km) won't be stellar either.
However, that's fun because the drake just lost its ability to run L4 missions.
T2 drake should be able to do it, maybe even better than before since he's not going to have a torpedo sized sig with furies and it's going to be easier to get rid of frigs. Even if you drop the DPS by 20% and disregard fury changes, I've done L4s in a Raven with crappy cruise missile skills and probably worse DPS in my early days.