I find you can white balance of anything and it is OK - apart from a scene of predominantly blue water. Your hand, the sand, some rock, some coral, some amphoras. Just make sure that your hand (or whatever) fills most of the frame - and that it is illumated by the ambient light and not in the shade of the port.
Basically you can use any neutrally coloured subject because the filtering effect of sea water is so strong.
The time you will struggle to find a subject for WB is when you are freediving out in the blue. This is when you may still want to use the grey card.
Alex