I have a 14-42 and a 12-50 for use in my PT-EP13 housing. I'd like to be able to get a bit more magnification without committing to macro for the whole dive (by e.g. putting the 12-50 into macro mode). It seems like a diopter might be a good choice. I'm not really sure what magnification I want. I see Inon has a couple reasonable priced diopters, as does AOI.. This looks like a nice holder, although the olympus plastic thing is much cheaper.
For what it is worth, a long time ago I tried one of the basic Inon close-up lenses with an Oly 14-42 lens and found it close to useless
Interesting. I would have expected the Inon ucl-165 to behave similarly to the Subsee +5. OTOH, I guess the 14-42 has quite a bit shorter minimum focusing distance than the 12-50, so you indeed might not see much improvement.