Hey Dustin,
It really comes down to a frame by frame, subject by subject situation. In general, the answer to your question is yes. Both lights would do well to cover your subject completely unless you were looking to create a specific effect via shadowing. Again, for WA work, if you are too far away, the lights will do little, if any good but for medium shots where I am perhaps shooting a reef shot from a few feet away, I will separate my lights enough to cover as wide a ground as possible but making sure that there are no empty lit areas at the same time.
Not sure just how articulate I am being here and I have no experience using the 4000 lights or their angle of spread. The fisheye certainly will have a wider angle so I would focus your lights more on the actual subject and let the fall off on the sides appear natural. Since you are fortunate enough to have pool to practice in, bring in a few objects of different sizes and colors. Are your whiter objects blown out? If so, you will learn to adjust your lights to avoid that. Are your darker subjects too crushed in one area; again this will teach you to position them for each situation. With reefs you often have steps of subjects as well as crannies that may be darker and positioning for your composition will come with practice and experience. You are definitely doing the right thing by getting familiar with your gear before going on a trip.
Steve