I know they look pretty and all.. but
Combat.. well the game is tuned for the arcade sailing mode, I like Cyrano, started out using the realistic sailing mode... You will be EXTREMELY lucky if you can even get a third of the way through the main quest using realistic.
It also sucks that masts never drop...
Realistic... ever seen a sailboat sail directly into the wind before?
Best tactics: go for the boarding!! best way to make money in the game. Be sure to check ALL the chests and sacks on ALL the ship decks when you board a ship.
Once you have a ship such as a schooner you can start doing trade runs for the merchants which pay well based on how much cargo space you and your squadron have available.
Squad mates.. remove all the bombs, knippels, and grape off any other ships in your squadron besides your own. If the ship has bombs its all he will use, and there have been cases where I stepped back onto my boat after capturing a ship, only to have my squad mate sink it with his last volley. Unless you wanna use your squadmates as decoys send em away anytime you get into a fight.
Best abilities... I always start with the trading abilities, and as soon as you can get the Trustworthy Fellow ability. It will enable you to trade in contraband safely, and make a ton of money (however your reputation will drop as a result)
Best skills... commerce, accuracy, cannons, leadership, boarding in that order IMO. Melee... as you upgrade this skill the game just scales the difficulty of the melee fights... I hardly see the point.
Just some tips +)
SKurj