Hi Caolino,
I just went through this process myself. I started with the EPL10 and now just upgraded to the UH-EM1iii
The extra size and weight is negligible and I wish I went with the UH-EM1iii to begin with as the extra features it has is really handy that i consider worth it. For example I have 3 custom modes (C1-C3) on the dial which I have my preloaded underwater settings (C1 and C2 for shooting two types of macro, and C3 for wide angle). It's very easy to switch between them where as the EPL10 does not have this ability.
I also like having the front and rear dials on the housing to easily adjust shutter speed and aperture on the fly. (The EPL10 requires you to use the directional pad to do this which is annoying)
Then you have the improved 20mp sensor vs 16mp on the EPL10, as well as the much improved phase detect autofocus.
You can also buy the PEN to OMD adapter for the UH-EM1iii and UH-OM1 which will allow you to use PRO lenses with the 8" dome if you want to go down that path as well.
I think the EPL10 is a great compact little setup but it just depends how serious you are with the underwater photography and if the above benefits are worth it to you. If you want to keep it more casual or costs down then the EPL10 is the answer otherwise I find the benefits of the EM1iii to be worth it for only a small amount of extra bulk