But if the target is the Moon, then maximal terminal velocity is definitely an asset. The Moon won't evade. And the torp may try to evade lunar defenses, but it will still do that best when the time spent under the effect of those defenses is minimized.
Modern missiles coast because our primitive technology doesn't allow us to pack enough fuel in them, or to make them operable at high speed. If we could, we would vastly prefer to have antiship missiles that move at mach 200 and forget all about that silly maneuverability thing.
In the vacuum of space, one can have that sort of relative speed if one bothers to try. And we almost always see the torpedoes employed as boresight/straight-run weapons, even though we know that they are capable of sharp course changes immediately after launch and in mid-run. It does seem that Starfleet prefers speed over maneuverability, in which case it doesn't make sense to coast.
Indeed, I rather doubt that starships ever coast at sublight, either. That would only delay them from arriving at their destination, when they in any case have virtually infinite fuel reserves for acceleration and deceleration. (Okay, so perhaps Kirk ordered some coasting in "Elaan of Troyius", where the goal was to not reach the destination in any reasonable time!)
Timo Saloniemi