Ulfhedinn
-Skill Collector-
You don't need to fill the SMB all the way when you're shooting it from depth. When I'm shooting from 100'+ (30m for you guys and your fancy metric system), I rarely fill it more than a third of the way, the magic of Boyle's law does the rest. You can put hash marks on your SMB that will help with making sure it's full at the surface. I have hash marks for 33', 66', 99' on mine - fill to the hash mark depending on the depth you're at and viola. I'll be happy to grab a photo of them sometime in the near future and post it here.
I agree with letting it bob and stay neutrally buoyant yourself. You shouldn't need to touch the reel to maintain your depth. The nice thing is you'll never notice the depth changes even in rough seas because you will rise and drop with the peaks/troughs if you're properly neutral.
The SMB needs to be standing up when you're drifting in a current or a boat tracking multiple groups of divers may never find you in a light chop. The weight of the reel will help keep the SMB up. A slight tug does wonders too, but you should not be using the reel to keep yourself neutral.
No visual references in this case means shorelines, anchor lines, etc that can give you an idea of depth / location.
Pic would be cool and TY