So what was the impeutus for the float arms?
Trim in the water, overall buoyancy control while diving.
According to my own calculations, my whole rig was @ 4 pounds negatively buoyant. Initially I made the mistake of compensating for the added gear weight by removing lead from my weight belt. Jeff (sharpdiver) correctly pointed out to me the danger in this practice. In the event of an emergency, if I ever had to ditch my camera rig, I'd potentially go shooting to the top!
I tried a couple of other techniques using pvc, but as craig correctly pointed out, this material also added significant overall weight. In a local search of shipyards for Divinycell, I found the Core Cell.
Any one aspect of a camera rig' weight may appear insignificant, but you can see what happens when you add up all the components.
It was mentioned to me by divers with much more experience than I that a slightly negative rig is ideal. It was also suggested by divers with engineering backgrounds that placing the buoyancy material at the site of each component was a logical course of action. It was also pointed out to keep the buoyant material above the ballast, or heaviest most point. Otherwise the rig will have a tendency to go belly up.
Was your camera the weight problem or was it the arms?
I think it's a combination again of every component adding a few ounces here and there, but the housing, camera, and dual arm tray are actually lighter underwater that the arms. This is because the the displacement of water factor.
What length are your arms?
Each arm consists of two six inch by 1.25 dia segments. Three clamps and a quick release mount for the controller along with the #4073 light holder complete the arms set up. Total wingspan actually adds up to @ 52" from strobe head to strobe head when including the width of the dual arm tray. 52" still requires me to aim my strobes out slightly for wide angle shots due to the coverage offered by the DS 125's. IOW, you could go even wider.