Couldn't agree more buton! It's nice having a dive opening almost exclusive to yourself. Again, looking forward to your report and pics! Don't be afraid to give us any downside you may encounter too. Thanks.
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FYI about the train ...
It only has two passenger runs a day. It leaves Panama City (Albrook) at 7:15am and arrives in Colón at 8:15am, and it leaves Colón at 5:15pm, returning to Panama at 6:15pm. That's only Monday through Friday. It's really a commuter train for the businessmen who live in Panamá and work in the "zona libre" (free trade zone).
Colón isn't a town you want to hang around. Except for the free zone, it's a very tough neighborhood known for violent crime. Your best bet would be to hire a taxi for the day to take you to some of the nearby attractions, such as Fort San Lorenzo, Gatun Locks, Portobelo or Isla Grande. You can dive and/or snorkel at Portobelo. There are two excellent restaurants there, too; Los Cañones and La Torre.