Generally I check the histogram on the back and not the actual picture. In addition I find that I can take another 3-4 shots in the time i can magnify the back image to check the sharpness of the image so I don't bother magnifying the image either.
Using a 105 I generally hunt at F/11 to f/13 1/125 to 1/250, both strobes level to the camera extended about 8-10" away from the housing. This allows me to take a decent shot of a medium sized fish from 24-36" away. For smaller stuff I try to start shooting at 18" without changing anything preferring to get the subject in multiple positions as opposed to changing settings. As I get to about 12" I will increase the F/stop towards f/22 and try to swim around the subject to get the best viewing angel. If, at 12" the subject is properly magnified ONLY then will I move the focus point from center and ONLY then will I start repositioning strobes to get superior lighting angles. If the subject is over exposed in the histogram I simply spread the strobes farther out. If it is underexposed I move them in.
Only after all this, if the subject is still around, do I stop and carefully setup the shot and possibly get closer to maximum magnification (about 7")
Now my process is based on a DSLR with essentially zero shutter lag. That gives the ability to get the subject in the exact right pose. I can also take many pictures very quickly. When I had a P&S I used a different process
My logic is that I have a repeatable process that I try to use every time clicking off many shots for later analysis and processing. The process has become second nature to me. I think that most novices should think out a process that fits their ability and equipment. RAW allows sufficient manipulation of exposure and color control that one should focus on viewing angel, focus, background, etc as opposed to those things that can be manipulated in RAW.
Tom