I also have this one, the only difference is that it doesn't have lights.
It is quite a nice model, and it was fun to put together.
Though the on with the lighting is especially nice.
Just one advice, maybe it's a bit nitpicky, so if you don't visually like what follows, just keep it as it is.
I would put the flag facing the bow of the ship.
These ships sail with the wind behind them, so the flag would be pointing forwards.
If the flag points to the stern then the wind comes from the front.
In other words you are sailing against the wind, so you wouldn't get anywhere.
Also about the Queen Anne's Revenge and Black Pearl connection.
I have only seen this in these models.
I know that the PotC Queen Anne's Revenge was based of the Black Pearl, but not the other way around.
My theory is as follows.
The company that makes these doesn't have the license to use the Black Pearl name on this product, but Queen Anne's Revenge is a historical ship, so they can use her name.
In fact the real Queen Anne's Revenge wouldn't look like the Black Pearl, and definitely not like the PotC Queen Anne's Revenge.
These two ships are based in Galleons/East Indiamans I think, while the Queen Anne's Revenge wasn't a Galleon/East Indiaman.
Also according to Wikipedia the Black Pearl is a larger ship when compared to the Queen Anne's Revenge.
Queen Anne's Revenge - Wikipedia
Black Pearl - Wikipedia
Anyway, congratulations on your model!