To me, if a teen feels his or her social life is more important than his or her parent's peace of mind, then said teen is lacking the judgment required to maintain much of a trust level.
See thats exactly where, IMHO, the problem lies.
So it's the kid's fault for feeling that his social life is more important than his parents' peace of mind, or is it the parents' fault for feeling that their peace of mind is more important than the kid's social life?
This would pretty much be a kid's social life vs parents peace of mind issue then. If so, what is more important to you, that your kid comes out as an accomplished, aware human being, understanding of the world around him and used to dealing with it, or a new baby coming out of the nice egg you coveted for 25 years? Ok, I'm exaggerating, but what I'm saying is still true on a certain level. 11pm is killer. Sure, the kid will have school friends, but social interaction is all about girlfriends, real friends with whom, while you screw around, have the best times of your life with. When your kid is 18 and he goes off to college, and he lives in a dorm and has never gotten really drunk or high before, has never really been with a woman, never had a cop encounter, THAT'S when I would be scared and worried.