Like Awap said, measuring the absolute pressure inside a hose is just the same as measuring the IP at any ambient pressure (at any depth) and just adding the known ambient pressure.
You probably have some specific reason to measure the absolute pressure, but the hose hoop stresses are governed by the differential pressure, not the absolute pressure. The absolute pressure doesnÃÕ really affect the structure on a hose, only the differential.
In the old days before they used to test regulators in the ocean, but you get much better test data when you can precisely control the environment. They can use wet chambers to test regulators properties that are affected by the water column.
Some things in nature are hard to replicate in a lab environment, but pressure and depth is not one of them. It is much easier to control the pressure and temperature in a chamber (even in a wet chamber or a chamber with a water compartment) than it is out in the ocean. You can also add a lot more instrumentations and take much more precise measurement when you can control the conditions.