The distance a searcher is going to be able to see that is not going to very good .. you should investigate any of the links I posted as to thoughts/results of using a laser
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My SMB has a strap on the bottom. I can put my foot in it and hug the top part and keep it upright fairly easily.I have been "lost" a few times and the Coast Guard has had to look for me. One thing to consider, those large SMB are VERY difficult and tiring to hold vertical for more than 15-20 minutes, especially if it is rough. One option to consider is to tie/clip/attach the weight belt (after it is removed from the diver) to the bottom of the SMB to allow it to stand vertically in the water "on its own". Then you just need to stay attached to the SMB not support it and NOT try to hold the bottom of it down.