In the interests of keeping this relatively clean, I will say something about the use of a knife under water. IMO, it is a last last resort for solving ANY problem. I have a background in climbing. We are reluctant to wave sharp objects around for the simple reason that if you accidentally cut your rope, you are in a world of hurt. A knife is the last, last, last resort, always.
I feel the same way about using a knife under water. If you nick or cut a hose, again you are in a world of hurt. I dive with a pair of shears and a knife with a blunted tip, but I hope the knife never comes out of its sheath, as it is far safer to cut a line or something with shears than a knife.