"Not this ship sister".

Anyway, much easier to find the Death Star when it comes to you.

I probably would've put the command centre up on a blockade runner though and evacuated the planet.

I'd never even considered the homing beacon question nor heard it discussed until the meme hit twenty years after the film was made.

One thing that did used to bug me about the falcon is that "several of the escape pods were jettisoned right after lift off" yet why would they be if they weren't expecting to be captured by the Death Star later? It's quite obvious they think they are going to Alderaan, why would you eject the escape pods? If the pods were jettisoned just before capture why did nobody notice? Or is it that the falcon's escape pods had been long ago jettisoned so the fake log entry was a clever, and convenient, diversion. I have to say though, it doesn't bug me that much because it's still plausible that the imperials could be fooled by a ship's log and not checking the physical pods.