One drawback with the Light and Motion Bluefin HD housing for the Sony FX1/Z1 is that there is no access to the 3-position GAIN switch.
This means that you have only 2 choices for gain: Either auto or a single pre-selected value.
Personally when running in manual exposure mode I find this somewhat limiting because:
1. I don't really want to have the gain permanently set to something higher than zero as this is unnecessary where there is a lot of light and may introduce noise.
2. I also don't want the gain permanently set to zero because when I'm deep and the subject is out of range of my lights the picture gets dark and I need some gain.
3. I don't want to run in auto all the time because sometimes this introduces unwanted blown-out highlights, especially when using lights against a dark background.
OK, it is possible to set a gain limit in a picture profile so you could have various picture profiles with various gain limits set but this is rather cumbersome and the gain levels are not fixed, just limited.
I decided that for a lot of the time I would like to try running in auto (or partial-auto with shutter speed locked) but with the camera's AE Override mode on.
So what I did was order up a spare FX1 side button actuator moulding (Part #661-1044-A) from L&M and modify it so that the housing's IRIS button actually operates Assign button 3 which I have programmed to operate AE Override.
I cut out some parts of the moulding and superglued on an extra-long arm made from a piece of rigid dive slate. It does exactly what I intended and has lasted 20 dives so far. The attached picture should explain.
Once the housing's IRIS button is pressed, AE Override is activated and the IRIS knob on the housing becomes a simple "darker/brighter" control, operating a combination of IRIS and GAIN to +7 or -7 increments which is enough to compensate for blown-out highlights, even on night dives with silvery fish against jet black backgrounds. As far as I can tell, AE Override will adjust IRIS until it's fully open and then GAIN after that but I must admit I haven't analysed my tape data code yet to check exactly what's happening. If desired the shutter speed can be left on 50 or 60 or whatever to stop that from changing. One could additionally set AE shift down a stop or two in a picture profile, but I have stopped doing this to keep my footage nice and bright.
The downside of my mod is that the exposure cannot be fully locked. This hasn't bothered me so far because the vast majority of my shots are fairly static and with a constant light level. I was shooting a boxfish at night the other day and the exposure was pumping a bit as it rotated, but this was the only time that I've thought a locked exposure might have been better. Having AE Response set to "middle" seems to be best. On "Fast" there would be more pumping as the exposure changes and on slow I don't think it would change quick enough. I think the type of scenario where a non-locked exposure might be more of a problem is if one was inside a wreck, panning across bright windows. Then the exposure would pump no matter what I did and a fully locked exposure would be preferable.
I'm by no means suggesting that everyone goes off and does this to their housing, but for "run and gun" style underwater work it definitely makes life easier.