Waves too big

[Foo'bar]

Watch the following experiment:

For better understanding what I mean I did a quick photoshopping. As I'm not able to scale the wave's texture down properly I've pasted a ship into the image and scaled it up so that its size perfectly fits to the size of the waves - at least in my eyes.

Note the difference sizes of the pasted ship compared to the original ingame ship. It's about 5 times bigger.

I really would like to hear your opinions.