Thanks again GhostH! You did some really great work to dial in the gunsight.
Ok... I put together some shots of a CV at different ranges as seen through the "GhostSight". Since its hard to get an exact range on a ship... I made my son sit on the deck of a carrier in the training arena while I made passes at it with my cameras rolling.

Here is what I got:

This is a shot at 4K with the sight lined up dead center on the CV. Note that the CV FILLS the gunsight from end to end. I use this as my indicator for this range.

This is at 4K again, but this time with the gunsight lined up at the bottom of the vertical line... the 4000m aiming point.

Here is the CV at 3K. Note that if the 3K aiming point is placed halfway up the main hull, the top of the mast is at the 2K aiming point. Again... best indicator for this range that I have found.

Here we are at 2K. I have the 2K aiming point placed halfway up the hull again. This puts the 1K aiming point just about at the top of the stack.

Finally we have the CV at 1K. Note that the island just fits inside the inner circle of the gunsight from top to bottom.
Of course... the best way to get a true range would be to just ask your opponents to wait on the CV deck as you make your bomb run... but somehow I dont think they will be very keen on it!
Hope the screen shots help.