As a budding Klingon warrior (in between my time as a Starfleet officer), I took the time to refresh myself on Klingon culture, from TOS through VOY. I also took the time to refresh myself on some real-world history, to remind myself of the parallels drawn by the Star Trek writers. (I also looked at various behind-the-scenes musings by the writers and producers, from various video tapes and DVDs.)
My response to the original post will be a combination of real-world concepts, with a brief discussion on the evolution (or devolution

) of the Klingon culture.
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In TOS, the Klingon Empire was a unified culture of very strong beliefs, particularly a results-oriented, goal-oriented ethic. It believed in achieving its political goals through any means necessary, which is basically real-world realism (international relations theory), drawing particularly from Karl von Clausewitz. The cultural significance (and explanation) of their honour-bound ethics and beliefs derives further from Japanese Samurai (and Bushido), which is also used as the basis for Klingon warfare.
The most accurate analogy that I -- and Star Trek writers -- can give the TOS-era Klingon Empire is: Japanese Samurai in the modern nuclear world (Cold War).
To elaborate very slightly on the real-world culture of Samurai and Bushido, not only is it totally results-oriented, but -- as a result -- it is also centred on continually striving for perfection, in all things. Honour is found in perfection, dishonour in failure. Ritual suicide was the attempt to atone for failure.
To address the original post very specifically, there are no methods in this honour-system that cannot be justified, because all that matters is the end result. The ends always justify the means: cloak ambushes, civilian 'massacres', etc. The honour is in the victory. Failure means dishonour, whose only response is death: ramming attacks, self-destruction, etc.
It is important to note that they (both the Samurai and TOS Klingons) did not favour suicidal attack as a primary means of achieving victory. Remember that they believed in striving for perfection, and the perfect victory is the one in which the enemy is dead but you are not. Suicidal attack was reserved only for defeat in order to force stalemate; anything less than that was considered dishonourable.
It is also important to note that combat was -not- the sole motivation or
raison d'etre, for either Samurai or TOS-era Klingons. They were equally devoted to perfection in all aspects of life. But during the struggle against modernisation (East-vs-West, Klingon-vs-Federation), they shifted focus to insulation and defense of their way of life, both physically and culturally.
They were strong because they believed strongly in their ideals. Not to mention that their culture was rich because of their unwillingness to modernise fully. They clung to tradition in order to preserve their heritage.
All of this is pretty much the opposite of the Federation in TOS.
TOS was truly a clash of ideologies, which is as representative of the early Cold War as it was of Japanese (and generally Asian) modernisation.
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The films, TNG, and subsequent series sadly showed the devolution of this strong culture into a more feral and animalistic group, in favour of boosting the Federation's image as a more evolved ideal toward which to strive.
The core beliefs of Bushido -- Klingon honour -- became confused with acceptance of defeat, which is what many perceived in the alliance (again, East and West, Klingon and Federation). This was shown in Star Trek VI and throughout TNG.
TNG showed the struggle within the Klingon Empire between the old and new ways, and DS9 further developed this with an abortive return to the old ways. However, no subsequent development in Star Trek ever saw the return of the glory days of the Empire's culture, as described above.
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Again, in answer to the original post:
Is cloak (and ambush) 'honourable'? Yes, if it can achieve victory.
Is asymmetric warfare (uneven odds, in our case) 'honourable'? Yes, if it can achieve victory.