At the wow release in 2005, blizzard created multiple realms and decided the good respawnrate the first months to prevent that players eat each other.
In the situation of the server, he would have done the same thing beause what matters is enjoying the game and good atmosphere between players.
Nostalrius let the players aimlessly wandering, stealing mobs or playing the fool spammer, it's a strange idea... The first month will determine the mood of the server, you might regret it.
Why dont you make two realms or/and increase respawnrate ?
Otherwise you did a good job