What many sailors that have little sea time underestimate is how long they have to react to that little dot on their horizon. The visible horizon from the cockpit of a sailboat is about 11 miles IIRC. That ship at 17 knots will be here in under 30 minutes ... if you see it within 5 minutes of it coming over the horizon, you now have 25 minutes to figure if either one of you will have to change course.I had a similar incident to this north of Bermuda about 25 years ago. A small boat with no radar signature on a nasty night had no lights on. Our ship's noise must have woken him up because our first hint that he was there was him shining his flashlight on his sails. He was pretty close, about 200 yards. We were doing about 17 knots. He was very lucky. He should have had lights and an effective radar reflector. Thankfully radars are better now and lights consume less power. Even a chem light or anything would have been more visible. Ships stay away from unknown lights when at sea.
At night ... well good luck ... 6 miles for the masthead 3 miles for a sidelight. 10 minutes to see, comprehend, calculate and avoid ... that is for you to see the ship. From time the ship steaming at 17 knots sees your 2 mile sternlight or sidelight to running you down is 7 minutes at best.
With AIS receivers available for under $100, knowing what is over the horizon, where it is going, at what speed and on what heading is cheap piece of mind. AIS doesn't help them see you, but at least you know where they are and have a much greater chance of reducing the risk of collision. Running lights just don't give very much time to react.
I think the total for my running lights, sailing instruments, AIS, chart plotter, and VHF is something under 6 amps. If I can't have these systems up from dusk to dawn, I really shouldn't be sailing at night. 72 amp hours a night is a small need to feed compared to becoming a bump in the night for a passing ship.