1) Ackbar considers rebel cruisers and Imperial Star Destroyers as "supervessels" - and seems to think they are at least comparable, not absurdly overmatched - i think generally the idea is it takes 2 of the regular Mon Cal cruisers to match an ISD in the old sourcebooks?Source: ROTJ novelization p.154
Desperately, he was shouting into his comlink, over the noise of continuous explosions, talking to Ackbar in the Alliance command ship. "I said closer! Move in as close as you can and engage the Star Destroyers at point-blank range- that way the Death Star won't be able to fire at us without knocking out its own ships!"
"But no one's ever gone nose to nose at that range, between supervessels like their Destroyers and our Cruisers!" Ackbar fumed at the unthinkable- but their options were running out.
"Great!" yelled Lando, skimming over the surface of the Destroyer. "Then we're inventing a new kind of combat!"
"We know nothing about the tactics of such a confrontation!" Ackbar protested.
"We know as much as they do!" Lando hollered. "And they'll think we know more!" Bluffing was always dangerous in the last hand; but sometimes, when all your money was in the pot, it was the only way to win- and Lando never played to lose.
"At that close range, we won't last long against those Star Destroyers." Ackbar was already feeling giddy with resignation.
"We'll last longer than we will against that Death Star, and we might just take a few of them with us!" Lando whooped. With a jolt, one of his forward guns was blown away. He put the Falcon into a controlled spin, and careened around the belly of the Imperial leviathan.
With little else to lose, Ackbar decided to try Calrissian's strategy. In the next minutes, dozens of Rebel Cruisers moved in astronomically close to the Imperial Star Destroyers- and the colossal antagonists began blasting away at each other, like tanks at twenty paces, while hundreds of tiny fighters raced across their surfaces, zipping between laser bolts as they chased around the massive hulls.
2) It does seem like Ackbar doesn't expect to last long against the Imperial fleet - but he also makes a point of stating "at that close range", which would seem to imply they'll do better at conventional combat ranges, whatever those are.
3) The two sides were "blasting away at each other", so it's not like the Imperial fleet was holding back.
All invalidated by film if invalidated, of course.
At most certainly at no point did anyone involved in the battle think that an Executor-class vessel was so powerful it could obliterate anything near to 72 ISD's in "minutes". I still maintain that if dreadnoughts were capable of such things the Rebel fleet would hardly be any more terrified of the Death Star than it would be by the presence of the Executor alone.
The other point about relative power of munitions also makes sense - true, you could shoot at a tank with a machine gun on a humvee and not hurt it one bit, but put a TOW missile on that humvee...
Or to use the old naval analogies - WW2 Destroyers would not have any chance of actually hurting a Battleship's vitals with their guns, but it will wear down its superstructure and equipment, and with torpedoes, actually cripple if not outright sink the battleship.