That's the funny thing about "discussions" on the forum: it always turns into "my way is the best because the most extreme implementation of your idea is bad". Discussion about a diet would turn into eating absolutely nothing at all compared to eating everything you see.
Using RAW does not alleviate any of the requirements you need to do when shooting your image. We're not suggesting you just close your eyes and blast away with your infinite magazine. You still need to compose your subject and try to position your light source, etc to get the best shot you can. You still want to shoot the right picture right out of the camera and not HAVE to make any changes. Shooting with RAW just enables you to POSSIBLY recover the shot you wanted if that goes bad while your options for recovering from a JPEG are much more limited. Even low end DSLRs can shoot relatively high framerates of multiple RAW images, so the couple frames you usually shoot are trivial. Most relatively modern computers can process these quick enough and disk space is relatively cheap, so there are really few if any downsides.
I would do the opposite of that suggested by most and shoot all RAW, then after downloading to your device, converting only the ones I want to actually use to JPEGs and I'm done. I'll be keeping the larger filesize RAW images which I can make JPEGs in the future from, but haven't compounded file space waste by keeping JPEGS of my unwanted shots too. With megapixel count relatively high these days, even JPEG images are not trivial in size.
Unless I misunderstood your suggestion, I'd also disagree with the suggestion of always slightly overexposing your images. I always set my camera to slightly underexposed images. While you can always lighten dark areas to recover detail, once an area is overexposed to white, the detail is unrecoverable. You can try it. if you shoot a scene so that your image is too dark, you can always lighten up that image to recover detail, even though there is a limit to how it affects the rest of the image. Whereas, if your image is too overexposed, darkening the image will recover very little detail. It's already gone.
Again, if shooting JPEG's is good enough for you, go for it, but there are good technical reasons to use RAW because the upside outweigh the downsides.
Further, shooting images underwater only kicks that value proposition further to the "worth it" side because of all the environmental issues as well as the inability to just come back and shoot again, besides wanting to just focus on your subject rather than camera controls.
We haven't even mentioned the difficulty of using the tiny camera monitor to judge all those issues.
---------- Post added December 14th, 2015 at 03:14 PM ----------
Without diverting into the next tangeant, I'll also mention for the newer users that lense quality is prime importance. For Canon, that means trying to buy only L series lenses, though you could use non-Canon lenses. There is a big difference between their consumer lenses and the L series lenses. Pleasant shots are still possible with both but I find multiple benefits from sharper images (I can zoom and see every hair in my daughters eyelashes), to more pleasing bokeh (the out of focus stuff in the background has a smoother transition look).