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The whole novel was paced like a series of short episodes, like he intended to publish it as a serial or was just writing it for fun, not publication. By the time he got to the end (or whoever helped him "finish" it), they wrapped the whole story too quickly and neatly for my tastes.
If you're looking for a fun "pirate" read, I'd suggest "The Pirate Hunter : The True Story of Captain Kidd" by Richard Zacks (if you like non-fiction) or "Captain Blood" by Rafael Sabatini (the latter of which is much better than the movie with Errol Flynn). Oh, and how could I forget the original "On Stranger Tides" by Tim Powers (hope POTC 4 doesn't bastardize the story too much).