It is easy to 'import' HUD/Starspheres/Effects/Etc from other mods, but, There was a similar thread a while back, and in that thread I posted a short tutorial about it, but Cannon asked me to remove it. So, Please Don't discuss this matter on Forums, cause Cannon won't be happy with it.;)
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And About the main idea of this thread: Yea, There have been many similar discussions before, But the fact is, Freelancer is an old game, and many still use old systems to play it. There are those who have FPS drop when directly look at Snac explosion, even from a Distance... So adding more 'Eye-Candy' to the mod wont result really well for those group of players, and releasing 2 versions of the mod, one with Eye-Candy and one without it... Is kinda waste of time and energy IMO, not really worth it!