Using “nolock” hint for the SQL View (MSSQL)
In case you don't know, NOLOCK is equivalent to the transaction isolation level named "READ UNCOMMITTED."  I'd recommend reading this blog post from Paul White to understand some of the data integrity implications of using the NOLOCK hint: The Read Uncommitted Isolation Level

To your question though, you mention this justification for potentially adding the hint:


  Thus, all the reports regarding the dbo.rptdepitemdetailsResearch have a potential to block other transactions (insert/update/delete) while it executes.


I would say not to worry about this unless your users / applications are actually experiencing blocking due to this reporting view.

If there is blocking, you could use the READ UNCOMMITTED isolation level, but note (from Paul's blog post) that it's possible to see totally invalid data in the report.

Another option would be to enable SNAPSHOT ISOLATION in the database:

ALTER DATABASE YourDatabase  
SET ALLOW_SNAPSHOT_ISOLATION ON;


And then have any code that queries your view use the SNAPSHOT isolation level:

SET TRANSACTION ISOLATION LEVEL SNAPSHOT;


This will prevent your reporting query from blocking insert / update queries, and will also make the reporting query accurate to the point in time the query started.

There is overhead to using this option, including increases to the database size and increased usage of TempDB.  So make sure you test accordingly.