oh yeah, I've always thought it would be quite awesome to have the ship just bursting into flames and smoke, and then head-long tip over forward as it falls to the ground. It would feel spectacular I bet, both from the crew and other ships around it. If the ship falls almost vertical in the end you'll have to try and land on some crate or rope as the whole thing tips over, or just jump of the ship as you're still going to die.
We discussed this waaay back in the old forums, and the main issue people could find was that it could possibly get quite preformance heavy with all those fire/smoke particles lasting for such a long duration as the ship needed to fall to the ground. You know, instead of just exploding and disappearing in seconds.