But you should be aware that there are some disadvantages using a single synch cord + slave sensor for two strobes as opposed to a double-synch cord, mainly applicable to shooting wide-angle.
For the Ikelite slave sensor (the only one I have any experience with), the sensor either needs to be aimed at the master strobe (the one connected with a synch cord), or it needs to be able to pick up the reflected light of the master strobe bounced off the main subject.
Using the slave sensor in line with the strobe (the only option if the sensor is integrated) isn't always reliable when shooting wide-angle, particularly with subjects that don't fill much of the frame (and with nothing else behind them to reflect the master strobe flash).
Aiming the slave sensor at the master strobe is more reliable, but you may have to readjust the positioning of the sensor after changing the strobe arm positions, particularly if you are using very long arms. This may not be a problem if you just set the strobe arms once and never adjust them, but it's a big problem if you like to reposition the strobe arms for optimal lighting of different subjects, or even if you're just pulling them in closer for CFWA shots.
Also, you will not be able to pull the strobes back behind the focal plane of the camera, - the housing (and your head and body) will probably end up between the sensor and the master strobe. Positioning the strobes back behind the focal plane is sometimes necessary for wide-angle and almost always necessary with hyper-wide fish-eye lenses (see the thread "10.5 mm lens advice" now running on the SLR Housing forum).
Finally, if you are in the water with other photographers, you will find that the direct or reflected flash from their strobes can set yours off as well. This can be a real problem if two or more photographers are shooting the same subject - if you're hitting the shutter a second behind the shooter next to you, your slaved strobe may have already fired and not had time to recycle at the time you shoot.
I still carry my slave sensor on trips, in case both of my double synch cords fail (it's happened) and the only way I can keep shooting with two strobes is with a single cord and the slave sensor. But I've learned not to rely on a slave sensor unless I have to.
Frogfish