The peace before the second ninja war would be fun but let me tell you about my character <sarcasm>

He's a loner driven by vengeance to kill his brother for killing his clan, which was super powerful and awesome, but his brother was totally justified. Our clan has a bloodline that allows us to copy any jutsu, and it's higher levels are creepy. Oh and like every female in the village has a crush on this guy, cause he's so awesome despite doing nothing.

The fact that I can't describe Sasuke Uchiha and not make it sound like a really bad mary sue shows how much I like the existing canon characters. The world itself is interesting, but the canon characters themselves are so far over the top that it's just impossible to make them reasonable or balanced for RP purposes. 

Part of me wants to suggest that we start back as early as possible and we make it sort of a multi-generational game, as a result we found the villages and the world is of our own making so that when we have an S-Class organization coming up against us, we know it's our fault in some way and not just a macguffin to extend the manga 200 chapters.

In terms of starting out maybe we start as jounin, then create our team of ninjas who are our students. We train them and RP and eventually we timeskip and take the role of one of our students, repeat until we reach "modern day" I imagine we'd create a very interesting world as our characters would literally make the 5 hidden villages, and set up the daimyo/hokage system