Very old ships still commissioned
I learned recently that HMS Victory was still commissioned in the RN, although the rank of the CO went down from Captain to Lieutenant-Commander through th ages, and I currently wonder, what kind of things could be done with a ship that old (think NX or Daedalus in the TNG era). What would be the current mission profile of the ship, flag showing, Commander training, in-system (or in-sector) training ship for cadets prior to their Cruise, insult to a dishonored but still commissioned officer of Field Grade, torpedo bait for simulations? What is the old Victory used for?