!!!!I am referring to non capital ships!!!!
Hmm...I would start with a large ship, and then upgrade whenever possible. I like to have a number of projects going on at once, often including research and new fleets. It's true that the more ships one has, the greater the effect of the research. My thoughts are: get a fleet or four, queue up the equivalent of a fleet to be built, and then get a lot of research done. Other then that, I check every so often to see if I have the credits/resources to research.
But if you are playing as the TEC, you should have the credits/resources to do both, which at the end of the day is the strategy that wins. If you are in such a desperate situation that you need to decide between research and building a fleet, it wont matter. You're screwed if your playing with someone competent in that situation.