I have struggled (and still am struggling) with the CX550V MWB and since I am diving in rather green water at time (should I add cold too?), I thought that using a Green Water filter would help. After having tried unsuccessfully to haggle with L & M, I went ahead and purchased their $100 green water filter and tried it. Fat luck...
A bit disgruntled, I took my filters to my lab and measured their transmittance to better understand what they are really doing. Here is the result:

In other words, the Blue Water filter basically cuts the Blue and Green part of the spectrum quite drastically, leaving only Yellow to Red untouched. A very costly process in terms of light reaching the sensor, especially at depth.
The Green filter on the other hand does very little (especially considering its price). It kind of tries to reduce the Green while not killing the Blue in the process, but the result is at most a 35% decrease of the Green light (compared to the more than 90% decrease for the Blue Water Filter in this region of the spectrum). So unsurprisingly, when I use that filter, I pretty much see no difference on my LCD screen (before or after trying to MWB).
If I had seen these specs before I bought the filter, I certainly would NOT have purchased it, because its inefficiency (for my Green SoCal waters) would have been totally predictable. In fact I was expecting some kind of LARGE dip in the transmittance around 520 nm and a recovery to almost normal on both sides.
To me these two filters are far from ideally designed and I want to inform the manufacturers, just in case they do not that, that filter design has made giant strides nowadays. One can pretty much obtain ANY desired specs...
Maybe we should require manufacturers to publish the specs of the filters they sell. At least, now you have those of L&M (which most likely are very similar to Blue and Green Water filters from other vendors).
My 2 cts.