Pretty decent slope on this wall. Looking at the Navionics chart using the key and estimating the separation area based on depth features of a sharp wall as his mom reported he went over, In just 200 feet with a down current or loss of buoyancy, he'd be around 300 ft. deep from 150 ft. Moving in a 3 knot current he'd be at that depth in ~60 seconds. 6 knots, ~30 seconds. Could be more dramatic a little south.
My observation above doesn't mean much, but the chart provides a decent understanding of the estimated separation point where his mom reported his bubbles were going down or at least not visible any longer.