The Damien Hirst statue planned for Ilfracombe has attracted 177 letters in support and 100 letters of objection.
The artist is offering to lend his giant statue of a naked pregnant sword-wielding woman to the town for 20 years.
North Devon Council's planning committee will consider the planning application on Wednesday when they are being advised to approve it.
The council's planning officer says in a report: "The proposed development represents an important capital project for Ilfracombe and has the potential to act as a catalyst for further investment.
"In planning for the town's future the granting of planning permission for 'Verity' would demonstrate a positive approach to innovation that would add to the overall tourism offerand make a progressive contribution to local character and distinctiveness."
Objections to the statue include complaints that it is: outrageous and immoral, bizarre, obscene, offensive, disgusting, distasteful, embarrassing, grotesque, disrespectful, insensitive, inappropriate, a monstrosity, tasteless, ugly, vulgar and not in good taste.
Supporters say it is: thought provoking, stirring and unique; a beautiful, strong, controversial icon with the power to transform the town's future; beautiful, creative design of world class merit; controversy over design will generate positive publicity; the sculpturechallenges our perceptions and creates a dialogue.
A report to councillors says the new statue will be continuously monitored by a new CCTV camera.
POLL: Would you like to see Damien Hirst's 'Angel of the West' statue erected in Ilfracombe? Vote now at the top right-hand side of this page or click here.