Unzoomed 1st person works for me even though its less FoV, but I use it because one my camera is set at X 0, Y 0. Where as the 3rd person views have the plane at an angle to the Reticle, which for me if I want to scrape the land/water in 3rd person I have to "know" the sweet spot, where as with Unzoomed 1st person, I can see the horizon almost even with my Reticle to know I am as close as I can be.
Its still personal preference, also I will be tweaking my Camera Mod a bit so that it will work better with my HeadTrackNoIR program so that I can Free Look with moving my head, since the Free look is more responsive then it was in Closed Beta when I first tested this.