Yes, in my opinion that was the right thing to do. Let's say PIC is at Andaba server for an SvS round, we're doing an awesome job but some cannons are coming out of no where, the ship hiding is at the top of the leaderboard and it sinks our ship without fighting chance. (Cowards)
Everytime we would try to confront it, we would always sink, until the captain finally decides to put an end to this. The capt. would sail the Shark to the rocks, trying to avoid as many hits as possible, then, hopefully get inside the rocks and sink that *you know what*. Then we'll continue privateering like before.
When you put it like that, you're not cheating. When people are cheating and sinking everyone without a fight, someone needs to put an end to it. You're not cheating because you're (hopefully) not sinking everyone from inside the rocks. The only person you would be (hopefully) sinking is the one cheating. Otherwise play fair. Cheating ruins the fun for everyone, even the person cheating.