A later sailing warship in the early sixteenth century

What would you do if sent to the early 1500s with your ship and guaranteed survival until the present?

One choice is a ship that trades in peace and privateers in war; another uses a larger ship and New World charts to intervene directly.

The repeated question sends the participants back to the early 1500s with their ships and guarantees their survival until the present. A vessel that could trade in peace and privateer in war is the first practical choice. Another response imagines using a much larger ship against the Spanish, French, and Portuguese fleets before giving charts of the New World to the king. The question states 1504, while the later exchange uses 1508 and identifies Henry VII as king. These are alternative imagined courses of action within the time-travel scenario.