At high TC you will zipp past alot. I suggest you set TC at 256 that way contact reports, aircraft and other things are displayed and you don't miss them, you can go at 512 but if you run into a destoryer you will have little time to react before you start getting damage.
As for where the action is, well..... that depends on the year and where you are heading. May I suggest the Newbie thread that is a sticky at the top of this forum has the info you seek along with other info as well to help you sink the tommies.
Hope that helps.
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