> I appreciate that I am the grown up here and she the child
Exactly and that is why, IMO, you have to put your foot down. Tell her that she can do what she wants when she is 18 - that is the compromise. If she still goes and does it anyway, then, when she is older and regrets it, she will only have herself to blame. She should still have respect for you - this isn't a silly 'you must be home by 8pm on a Saturday night thing'. This is really serious IMO :( If you give in on this, what will be next ?
Sorry to rant, but I just feel she is still a child and needs your protection from the silly things that teenagers do and regret later :(
> she is overseen by 2 brothers in there 20's and has a lovely lifestyle that probably makes her the envy of many of her friends
Sounds to me that her friends' parents say 'no' a bit more :(