I was bought up in a very odd and restrictive household so have very little point of reference.
DS is 15 and has just this summer been to a couple of parties / sleepovers. There has been alcohol involved and in both cases the parents have been happy with this and everything seems to have gone well, mostly chatting, laughter and listening to music into the small hours.
I'm happy with this and indeed we have sent him off with a couple bottles of cider and the order to "behave". On both occasions he's been up and ready to be picked up on time and has not seemed to be suffering too greatly 
Is this appropriate? I'm aware that I could simply stop him going, we live rurally and he's reliant on us for transport so we could just not drive him. If he's anything like me though this will cause him to rebel in his bedroom! and I don't want that for us.
I feel we should have some rules, but then how do we police them when he's not with us? There seems no point laying down rules we have no way to implement.
Alternatively do we just let him crack on and hope that DH's more sensible influence comes to the fore, rather than my reckless and devil may care one?
I really want to strike the balance between being "cool" yet with firm boundaries. If I'm honest I didn't expect this for at least another year, when I was prepared to be more laid back over it 