I'm at the stage where I'm choosing an area of production to invest about 3 or 4 billion into in order to produce steady income to support PVP. Previously I invented and produced T2 damage mods for a weekly gain in the area of 400million, but it's been some time since I last did this. The question I have now is should I even be looking at T2? Is it needed? I'm pondering if I should save the ISK spent buying a t2 production character and instead look towards higher volume, less SP intensive t1 production in ships for instance, if the profits are there.
TL;DR: Need advice on what areas of production both t1 and t2 are currently more profitable within the confines of my capital, including character purchase.