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Militarist empires also tend to be quite happy with the specialization, letting you peacefully subjugate empires who would never accept it otherwise.
Yea but they tend to cost a ton of resources. Basically at the highest Bulwalk tier you are paying them a hefty +50% in proportion to their income in basic resources, it can quickly get out of hand and since its based on their income it won't stay stable either, if they conquer a area your cost will shoot up.
The only time i even consider building a Bulwark is if i have a single world of little worth well inside my empire i can lock them into (for the bonuses).
that said, don't Scholariums require an overlord subsidy of basic resources like bulwarks do? how would making them a Scholariums not bankrupt you?
Scholaria do not have this penalty, so you only need to subsidise them as per a normal subject empire; and Prospectoria actually have a bonus to production so you can actually tax them instead.
Conversely, BEING a Prospectorium or Scholarium is usually seen as a bad idea due to the massive penalties to research or military ships respectively, making it very difficult to get out the bad situation that led to you becoming a vassal in the first place.
Being a Bulwark, on the other hand, is regarded as the better option as it'll give you enough punch to survive whatever threats are currently out there whilst also enabling a successful independence war later on.
EDIT: That said, I've had a bit of fun experimenting with being a Scholarium of a much smaller empire that I locked off from expanding. I could crush them at any time, I get obscene amounts of research, I'm not competing with them for space and so can outgrow my limited military stature, and my Arctrellis ships make a mockery of mid-late game robot empires (including the Contingency and Cetana).
My understanding (which I freely admit I could be wrong, it's been a while since I really really looked) is that the overlord subsidy works by matching a percentage of the subject's production (ie: in the case of a 30% overlord subsidy, if the subject produces 100 of a resource, overlord matches and pays 30).
so bulwarks, because they need to focus on alloy production to provide appropriate military support, would get a subsidy of basic resources equal to 30% (varies based on agreement) of their own production. not sure what being a scholarium entails (been a while since I really looked at the agreements), but interestingly Prospectorums get a research subsidy.