Whilst a huge fly-by scene might have ruined the pace of the film, there was certainly room for a few beauty shots in Generations. I remember being very disappointed that our first view of the ship is from the rear as it moves about half way into the frame before cutting away.
Generations didn't have a pace to begin with. They went from probably the most action packed sequence in Trek history (the crash of the Enterprise-D) and follows it up with the glacial (and utterly wasted) Kirk/Picard Nexus scene. I can only imagine how the meeting was that thought that up.
BB "Okay, so we just blew up half the ship with a giant explosion, and the other half sliced a 50 mile gash across a planet. How do we top that?"
RB Have James T Kirk, the most concentrated pool of violent awesomeness since Hercules...
BB "Yeah! Yeah! I'm feeling it"
RB "...cook some eggs"
BB "Awesome! ####ing awesome! Let's have Picard annoy him while he's doing it!"