"4 Pretty hard to pull zoom in and zoom outs on subjects on the fly.
5 Cannot have it on auto focus to let it lock onto to moving subject.
6 Due to the design of DSLR housings it will be hard to keep steady.
7 Probably needs a external monitor on top which would help in keeping the shots framed and steady."
I enjoyed the video...one more wreck I need to check out when I next visit Sydney!
I also am slowly learning how best to use the Canon 5D2/7D underwater...but here are my impressions so far, with regard to the quoted points.
After several years and hundreds of dives using Sony HDVs in Amphibico and Gates housings, using the Canon DSLRs (in a Subal Procase conversion) has required a different, and more disciplined approach.
The first thing to go was auto focus. It was always a bit doggy with the HDV camcorders...especially in open water (eg White sharks from a cage) or in poor light (eg inside a wreck). The Canon 5D2/7D has a great feature where pressing a button quickly acquires correct focus...and shows confirmation. Using this before every scene is great.
Zooming (on camera, or with camera towards the subject) can be done, but again one needs to be more disciplined about it. Pre-focussing is essential...as well as care in moving towards the subect so as not to lose focus. A good external monitor is vital for this (and not just for composing the scene as in the case of mini chip camcorders). I find it better to replace "zooms" with several separate scenes (each pre-focused...it only takes a second with the AF button) moving in towards a subject.
Unlike continuous AF, the Image Stabilization on the lenses that have it (eg 24mm-105mm Canon) actually works very well...be it underwater or on land.
Two powerful lights on ULC type arms solves a couple of issues: 1) illuminating the full wide angle scene (14mm Canon lens) and 2) actually helps with DSLR housing stability, when the lights are positioned about level with the housing.
Using powerful lights also allows taking stills and video with the same light source (I don't carry extra strobes anymore unless its a dedicated stills only dive).
Overall, I'm VERY happy with using the Canons underwater. Even after editing and color grading the resultant image quality (Blu-ray on a 52 inch Bravia) is superb.
One thing I've noticed after the Canon 5D2 firmware upgrade. 30p is noticeably better (ie smoother) for pans...even moderately slow ones...than is 25p.