Mates, I have some monumental news!
I have only just made a very important discovery, regarding the camera glitch (the unusually highly centred 3rd person camera) which has plagued this ship and several others so mysteriously.
What I've found suggests, with strong evidence to support it, that the camera glitch is related to the individual models themselves. In almost all cases, it's actually down to flagpoles!
Flagpoles which are an integrated part of the hull (the root model), and not separate models themselves, significantly increase the overall height of said root model.
This, in turn, causes the camera to try and centre in the absolute middle of the hull, and zoom out even further, which it therefore cannot do when fully zoomed out at sea, because the lower portion of the view would be underwater.
Therefore, the camera as to sit on top of the waterline, which moves it up from the centre of the hull model. That is what makes it look weird.
So the lesson to learn from this (modellers, take note!), is NOT to integrate flagpoles, or other tall objects, as part of the hull model!
oh, i dunno...