A red filter seems to make a big difference, atleast at relatively shallow depths as can be seen here:
[vimeohd]48561076[/vimeohd]
This video was recorded by Kraakhelder Productions. The following details are quoted from the vimeo page:
"The underwater footage is shot by the FS100 [which] I took with me in a second hand Sony MPK F-40 housing. Together with the Sigma 10-20mm it was almost fitted perfectly."
"Because of the underwater housing I used that isn't made for the FS100 it was impossible to control any of the buttons on the housing, except the recording handle.
After some test with the camera on full auto I set my white balance on 5600K and screwed a red filter on the housing. Next to that I just used the automatic shutter and gained my shots with 6db since I used that Sigma 10-20 F/4-5,6. The camera knows how to deal with low light situations, but I had to make sure my shutter wont go under 50..
I found out that this was the best way for me to use the FS100 underwater."
"I love the FS100, especially underwater!
The PP I used is one of James Millers profiles.
BLK LEV: -15 to +5 depending on shot. 85% using -15
GAMMA: CINEMATONE2
BLK GAMMA: RANGE HIGH / LEV +7
KNEE: 75% / +3
COLOR MODE: CINEMATONE2 / LEV 8
COL LEV: 0
COL PHA: -2
COL DEPTH: R+5 G+1 B-4 C-4 M0 Y+4
WB SHIFT: FILTER R-B / LB 0 / CC 0 / RGAIN -2 BGAIN -1
DETAIL -7 / V/H BAL +2 / TYPE 5 / LIMIT 7 / CHRISP 7 / HI-LIGHT 0
The clips have been graded in FCP 7 using the standard 3-way colour corrector"