The old kit has famously too many sails. The Box Art is accurate, but that's about it. You can still make a nice little model out of this kit though. I'll post the photos here.
Hull halves. Originally this was a waterline model, so I'm cutting the hull away.
She's not quite as sharp as she was. Here are the hull halves cut down. She will be leaning a bit to port, so I've built that in.
Hull halves cemented together. I'm leaving as much of the original detail as possible.
Here she is, posed against a print in the correct scale.
And the masts laid over the same print. You can see the problems.
Here are the sails, all cut down to match. The sails on the jib need cutting back to a pair.
Here are all the bits laid out ready for assembly to start. I have replaced the masts with cocktail sticks and fine brass tube.
The Atlantic Etched set.
The hull painted up using the little pots from the starter kit, which is the one I'm using.
The transom now has a nice decal. You used to cut the print from the paper header.
Bit of weathering to do . . . . .
Halfords primer on the sails.
Some Citadel sepia wash to tone down the sails.
Hull weathered.
Sails weathered.
Some of the ratlines added.
More rigging.
More to come soon . . . . . . . .
60 - 70 years on we tend to look at them through different eyes and not the naïve ones of our childhood 
As you say, this one's all over the place 
