1. How do you gauge when it's time to pop the filter on? Are you able to tell when ALL the reds are gone or do you kind of just guess at a certain point?
2. Do you shoot video of the WB card just once or do you do it at different depths?
Even though I haven't tried my new filter at greater depths yet, in some cases you can kinda go with what your eyes can see. That green water screen shot above is pretty much how it looked to my eyes. But in any case I probably wouldn't use it till depths greater than 25-30 ft because that's probably when the water is void enough of red that the filter will balance it out.
I shoot the WB cards at different depths or any changes in lighting conditions. On this dive I was under a bridge so I shot the WB cards at the inlet of the bridge, 10 ft into the bridge, dead center of the bridge, etc. All those changes in lighting made it more difficult so I had to display the cards more often but you get much better results in post. If it were a more normal dive, like a consistent depth and open water, then just shoot the cards once in a while. If it becomes overcast, shoot them again.
Once you put on your red filter at depth, you shouldn't need it. I've seen some videos with nice results. I will probably try it in conjunction with WB cards just to see what kind of results it gives me. Maybe even better color accuracy with the red filters. It's a trial and error kind of thing.
---------- Post added August 12th, 2013 at 10:16 PM ----------
Actually I just tried WB card correction while using a Red Filter, not too good:
Red filter only

Red filter with WB card correction applied
Not very natural looking to me. The WB cards can only do so much. There is simply too much of a red hue too be removed by those means.
My conclusion at this point is that the WB card method is a useful method of color correction at shallow depths without any color filter. If my findings change I will post them.