Am not sure what your point is
If I look at fisheye I shoot a canon 8-15 on MFT it is f/4 but lower than f/11 on full frame is unusable
F/11 is same as f/5.6 on MFT
Ok APSC you won’t shoot below f/8 back to the same point
You can shoot f5.6 on all platforms with wet lenses but the cost grows fast
On land where you can shoot f/2.8 on FF primes you also have 1.4 on MFT and they are not as big. On land however the full frame case is better as there is much more light
So DOF equivalence actually works naturally in favour of smaller sensors UW due to dome optics but on land maybe not as you have no restrictions
If I look at fisheye I shoot a canon 8-15 on MFT it is f/4 but lower than f/11 on full frame is unusable
F/11 is same as f/5.6 on MFT
Ok APSC you won’t shoot below f/8 back to the same point
You can shoot f5.6 on all platforms with wet lenses but the cost grows fast
On land where you can shoot f/2.8 on FF primes you also have 1.4 on MFT and they are not as big. On land however the full frame case is better as there is much more light
So DOF equivalence actually works naturally in favour of smaller sensors UW due to dome optics but on land maybe not as you have no restrictions