The HVAC-10 might have been acceptable if it was around in the old L1 days, competing against the AC 10, PPC, and AC/20 as a main gun. Once L2 tech hits, the 10 is junk. I'm still annoyed by the HVAC Po's design, though at least it's easy to swap the HVAC for an AC 20 to make a brutal cityfighting version.
The HVAC-5 has a tiny niche, and the LGR is a very healthy alternative. Only real advantage it has is the bit of extra range.
The HVAC-2 has extreme range with a tiny minimum range, though it competes with the ELRM 5. 8 tons for 2 damage is a poor rate of return, but it does have a role. Surprisingly fun to take a few Scorpions (nobody cares about them anyway) and refit them with these, then have the smoke from the firing obscure a LRM carrier or two. Doesn't even destroy the turret on a 2. Not the most optimal (some smoke SRMs from an SRM carrier would probably be a better idea), but it works. The range lets it do AA duty as well, and a lithobraking is just as lethal when it comes from a HVAC hit.
I think that the HVAC was intentionally gimped compared to other weapons, as there's just so few ways to actually use them. The always-there explosion chance is horrible. If they could at least use the standard AC alternate ammo they'd have a decent (if still explosive) niche, but as they cant...