My opinion is that if a function takes up more than one screen, it is doing too much. Now, I'll be the first to admit that sometimes I'll jam a lot of code in a function, just to get it working. But, sooner or later, I'll get tired of all the scrolling and fix the code so every function fits on the screen, and prints on one page.
When I print a function, and it takes 15 pages, I know that there is too much happening. Code folding helps a lot in refactoring a mess like that. Whatever can be folded is often a candidate for a separate function.
I prefer the aligned curly braces, with proper indentation (not yours, Nick) of the code between the braces.