The 1/700 "Waterline Series" is now about thirty years old. It got started, if I remember right, in the mid-seventies, when four Japanese companies, Tamiya, Hasegawa, Fujimi, and Aoshima, agreed to collaborate on a project to produce kits for all the ships of the WWII Japanese Navy (or at least the more important ones). Olde Phogeys like me can remember that, prior to that time, scarcely any Japanese ship kits were available in this country. There were a few
Yamatos knocking around (most notably the horribly inaccurate 1/600 one from Aurora), but that was about it. The only thing approaching a "standard scale" in plastic warship kits (as opposed to diecast metal ones) was 1/600, which Airfix had adopted for its British and German vessels.
Since then 1/700 has become one of the two most popular warship kit scales (the other being 1/350).
Initially the chief virtue of 1/700 was seen to be its convenient size: a modeler could build a fleet and put it in a curio cabinet. It was taken for granted that parts like cranes, catapults, and radar screens couldn't be molded to scale - and few people even thought about guardrails. I don't remember when the first photo-etched parts made their appearance; seems like it was sometime in the very late seventies. With that development modelers started thinking of 1/700 ships as exercises in fine detail. The photo-etched parts from companies like Gold Medal Models, White Ensign, and Tom's Model works would have been literally unbelievable thirty years ago.
The quality of the kits has always varied quite a bit. The conventional wisdom used to be that, of the four original Japanese companies, Tamiya was the best, followed by Hasegawa, Fujimi, and Aoshima - in that order. Since then several other companies have joined the trend. In my personal opinion the three best at the moment are (in no particular order) Skywave, Tamiya, and Italeri. (The latter's range is quite small, but its H.M.S.
Hood and
Graf Spee are among the very best.) And the latest entrant, Dragon, has produced some excellent new kits in the past year or so.
Tamiya, of course, is one of the best kit manufacturers around. I'm especially impressed by the fact that it's recently retooled some of the ships it did back in the seventies. The old Tamiya
Yamato, for instance, was a good kit - but the new, revised version is a masterpiece.
To my knowledge Tamiya has only committed one blunder in the 1/700 line: the islands of the carriers
Enterprise and
Hornet are ridiculously skinny.
If you're looking for good American vessels in this scale, I can recommend the Tamiya
Missouri, New Jersey, and
Fletcher. Skywave makes several excellent 1/700 American vessels - the
Independence-class light carrier is especially nice. (It's also available in a Dragon box - as are several other Skywave kits.) The new Dragon
Arizona is excellent, and Dragon has just announced an
Essex-class carrier. (The airplanes are to be molded in clear plastic - paint everything but the canopy.)
For the German navy, there are several new
Bismarcks. I have the Dragon one, and can recommend it highly; the Trumpeter one, as I understand it, is also excellent. The Tamiya
Scharnhorst, Gneisenau, and
Prinz Eugen are beautiful kits as well, as are the Italeri pocket battleships.
It's a great part of the hobby - provided you're nearsighted. I don't recommend it for folks who have trouble focusing at short distances.
Hope this helps a little.