[cbk1994]

Uhm ... well that seems pretty easy ... GK's battling system is kind of dull. High level players could just seek these ships and Bile all the things and get like 2k plat, and incredibly good items.
If this happened, it would take a TON of scripting work, and it would take a long time to do. The items would have to be way nerfed ... Things like heavy rods, rings, etc. aren't meant to be dropped my monsters. Cutlasses and stuff would need new GFX, and it's a completely new weapon.
And Captain's Hat(ac+1 str+2 dex-2 con+2).? Something like that would go for probably 3 RoWs (an estimate).
It's a creative idea, but we already have REAL pirates, and this would not work out. These won't "add danger to the seas". These will make level 110s go out in search of these ships and get even richer!
And the people you battle would have to be pretty tough ... Even with -20 AC, you can rarely be hurt by anything but players. And they'd have to add tons of experience.
Sorry, won't work. Nice idea though.