Some thoughts:
A) Ships are too cheap. A 2nd class Ship of the line having less upkeep than an infantry unit? Two 6th rate ships costing less than a single line infantry? (2x 140 vs = 1x 300)
B) There should be more spread in land unit prices between between regular and elite units. If the elite units are noticable more expensive, it brings up an interesting gameplay choice: "Do I go for class or mass?". At the moment I can't think of many reasons to build a lower quality unit as long as better ones are available for almost the same price.
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