I suppose some of it depends on how good a self-starter you are. I do think the Encyclopedia of Recreational Diving (the PADI DM textbook) is a very reasonable book to read -- there is a LOT of information in it, and although I don't agree with every paragraph, you can still learn a lot.
I'm not sure that calculating the net buoyancy of a lead block one foot on each side has a practical application to recreational diving (although, for all I know, it may to commercial diving). There IS a bit more decompression theory in the DM class than there is in the standard recreational curriculum, but if you want to combine in-water skills development with decompression ideas, take an Intro to Tech or Fundies class. You'll get more of both.
There are no "DM techniques" for improved situational awareness -- you may get some tips from your instructors or older DMs on likely things to watch for, but overall, what teaches you the awareness is having to struggle through monitoring new divers, with all the unpredictable things they do, from putting their gear together backwards to losing total buoyancy control at a moment's notice. You learn through getting the pants scared off you, and you get more and more vigilant
Honestly, I can't imagine trying to be an effective DM for open water students without the in-water skills I got elsewhere. The DMC working with us today was remarking that he is perturbed that, when he has to turn around, he needs to swim a circle, and while he's doing so, the students may be doing all kinds of disastrous things. Whereas I can pivot and back kick in front of them, and keep BOTH eyes on them continuously.
It is my personal belief that one should come to the DM class with very well polished personal skills and a lot of experience and composure in the water, because you will need it.