I just made my first ship with rigging and sails. The box shows them some what furled, but I wanted to to try the full blown efect.
The way it turned out it does hide some of the rigging when looking from the front, when you look from the sides you can see the rigging and more details.
I find that a ship with full blown sails very majestic.
If losing detail is you concern you can always have the sails just starting to furl. Or have the top sails full and the bottom sails starting to furl.
One more thing to think about is at the scale you are woking with you should have more room to work with sails. Mine was 1:90 scale, so things were a little tight.
On the other hand, if this is your first ship, you may want to take things a little easy. From what I understand you have a great kit.
Now if it were me, I would go full tilt, because the Victory is a very majestic ship.
Hope you do a build log, I would like to follow your progress. If you do, send me a PM so I can follow your log.