Plan your interception on the open world and deploy accordingly; meaning make sure when timer reaches ZERO you are and have your prey as you want relative to the wind.
This being said take into account your own and his own ships; meaning not only classes but also the unknown factor of upgrades that he might have.
Once you are in combat weigh your options but make sure you always do damage every 1 - 2 minutes even if it only a chain shot. It will reset the 'leave timer'.
Also, if you expect to be the hunter (rather than the hunted) then install the long chaser guns on at least the bow to better the chance of long-range hits to reset the timer.