Nice Ike 125s! That's gotta be a heavy load going into the water.
I have the single 50, and I'm still working on strobe placement. A lot of times it seems that when I position the strobe away, I miss the subject entirely and just get a black picture. When I'm closer, I get things like the umbrella crab (which I'm actually happy with despite it being a flawed picture), where half the subject is lit.
I'm having considerable trouble getting the proper exposure though. I've been positioning the strobe to reduce backscatter, but since I do a lot of macro, I white out my pictures fairly frequently. I've got the aperture at f8, but maybe I need to increase the shutter speed...