Apparently, the human eye is capable of viewing 16 miles on a clear day, so no. Furthermore, technically we are capable of viewing an angular resolution of up to 0.03 degrees, but that's just a best-case scenario, so meh, I can still see missing it. Over 16 miles, it makes much more sense. Also bear in mind that the sinking ship effect is the difference between seeing it and not seeing it, not actually noticing the difference between what is and what it ought to be.