James. The way forward is cut out a hull shaped bit of card (just the side view), Mark on the waterline, and then stick some bits of paper, thin/thick card on it and paint it black (or something similar to your finished hull colour) to see what the effect is like, and if you like it.
you can then experiment to get the effect that you most like. Don’t ask any one else for their view as it’s your model.
i stuck thick paper strips on my 1:200 scale Titanic…likely about 12inches thick plating to scale, but it looks the part at viewing distance. Sometimes you have to exaggerate, like Bob, who’s plating should likely be only half a fag paper thick really, but then you don’t see it.
As I understand it, passenger ships used different hull plating construction for different areas on the hull, sometimes to make it look better (butted/flush) from a passenger viewpoint, or overlapped underwater…etc etc.
Ashley