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If the current estimate of proposed large constellations is realized, the near-Earth space environment will see more than 50,000 new satellites added to the catalog of resident space objects (RSOs) in the coming decade. This is an order of magnitude increase from the current population and poses new policy challenges as global operators seek to leverage the benefits these new satellite systems provide while also ensuring a sustainable approach to collision avoidance. Various guidelines have been proposed to date to support this effort, including the development of right of way rules to guide how a collision avoidance maneuver should be performed, and how the maneuver burden should be shared between the two satellites involved. However, it is very difficult to evaluate and compare proposed guidelines due to the complex nature of space traffic and the rapidly changing space environment. This study seeks to address this issue by utilizing the Virtual Environment for Space Traffic Analysis (VESTA), a high-fidelity simulation tool that has been developed at Georgia Tech over the past few years with the explicit purpose of evaluating the future of space traffic environment. Using this tool, a sensitivity study is performed that incorporates a likely set of future large constellations and provides metrics on the impact that a select set of proposed maneuvering guidelines would have on operators given realistic variations in spacecraft capabilities (e.g. maneuverability and propulsion capabilities), and other factors (owner-country, public vs. private, etc.). Specifically, this study compares three potential right of way rules: 1) a rule based on maneuverability proposed by the Space Safety Coalition, 2) a rule based on the geometry of the spacecraft rendezvous, and 3) a rule that equally distributes the maneuver burden between two operators, The results highlight general observations on the effectiveness and limitations of each of the proposed maneuvering guidelines. In addition to the choice of right of way rule, success of space traffic management will be significantly impacted by compliance – which operators, or how many operators, comply with the space traffic rules. The findings of this analysis have important implications for future methods that could be pursued to put in place right of way rules. For example, non-binding right of way rules may have variable levels of compliance that differ across actors. The impact of compliance by just one nation, or non-compliance by just one nation, help to demonstrate the impact of ensuring all major space actors coordinate on this effort. Overall, this analysis provides insight into the relative gains in safety (decrease in collision risk) that would likely result from more politically intense efforts to increase the number of countries implementing space traffic management rules.