In my games, once I reach a certain point, I find myself at the metal and ship cap.
For example, in my most recent game I have spent the past hour at 2.5 million metal and maximum fleet ships (including unlocks). So far I've taken the two planets adjacent to my homeworld and two Advanced Research Stations, and am about to take a third. I am also eyeing a couple of Turret Controllers. My defenses have held off all the AI waves so far without help from my fleet.
But so many wasted resources is a huge red flag in my opinion. What else should I be spending metal on? And frankly what is the point of taking new planets unless they give me a unique unlock such as the ARSs or Turret Controllers or Fabricators?