I get the impression that people are using the term "fingerpicking" in a couple of different ways.

Some people seem to be referring to playing with the fingers as contrasted with "thumb-strumming" or playing with a pick. This would, of course, cover everything from "Burl Ives Basic" to Andrés Segovia playing the Bach Chaconne.

Others seem to be referring to Travis picking and it's clones and variations ("alternating bass").

Could folks pin down what they're really talking about? I think that might help.

General comment:    an accompaniment should accompany, not be the main thing. If you err, you should err on the side of simplicity. That way, people might not by impressed by your guitaristic razzle-dazzle, but they'll have a chance to actually hear the song.

Don Firth