Personally, I would go with the strobe, and two of them if you can swing it. I'm just not sold on the video light for any purpose other than taking video, which I rarely do anyway. I just prefer photos... You can't frame a video and put it on your wall or computer wallpaper. Besides, from what I've seen, the video light won't fill the frame with light unless you are really close to the subject... It almost seems to work more as a focus light. And yes, the lack of RAW is one of the main drawbacks of the Sealife cameras (that and battery life). RAW would allow you to manipulate the white balance after the fact with photo editing software. I do still highly recommend the DC1400 though. I just wish they would come out with a better battery for it and at least offer an option for an internal camera with RAW. I realize they want to keep their price point down, but I think most people would be willing to spend $200-$300 extra for RAW capability if that's what it came down to.