Another refugee from the MOO3 Cataclysm

[Master Belisarius]

I have used your approach too, Atraikius.
Playing as the empire of one of AI files that I did (Aquilaeian, Pyrochette, Tessellate), usually can play with lot of automated things without scream!
Of course that always I have controled my fleets. But can let without big problems, to the AI manage most of the planets, manage the research tree, and even, design most of my ships. Then, can adjust what I want.

But think that's only valid for SE4, if you really know very well the AI files that you're using.

[Atraikius]

MB - Yes, you need a basic understanding of the AI files to begin with, but once you have that, I think it helps you understand the files better.
Instead of controlling event he fleets yourself, try making yourself ONLY make changes to the AI files. Any thing you want the AI to do differently you have to do in the AI files (or the strategy settings in game if using a .emp file). I thought playing that way gave the feel of really being the emporer, not being able to directly control what your empire does, only directing/manipulating your miniters to do what you wanted. (you can also think of it as an additional difficulty level for when the game gets too easy)