Definitely "hit and miss".... significantly more "miss" than "hits". I wouldn't count on this feature to produce any great results but it's a pleasant surprise to find a nice Still shot at the end of the day.
If interested, you can see here some results from this "5 sec auto-capture": Flickr: trevalo0325's Photostream
And here is a video I put together from which some of those Still shots were captured:
[video]http://www.youtube.com/39jCbWcOp5g[/video]
My first stab at underwater video, some bits are quite shaky... gotta work on that buoyancy!
---------- Post added March 7th, 2014 at 02:57 PM ----------
Assume you'll be using both the the 1200 and 2000? That should be plenty of light to get some nice colorful shots down there. How's the spread and those Solas?
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Really, really nice stills! To me they look great! All of them were the 5s shots through the video? BTW, the youtube video link didn't work for me...
The closer to subjects pics were done using lights, right? Did you use a red filter?
Thanks!