Hello Bryan,
I have been reading this forum for many months now, but among these smart people like Dwight, I never felt that I could add anything to the conversation.
But I did some testing on the water subject a few months ago, when I started to play around with the lightworks engine.
Here is what I came up with. See the attached picture. I used textures for these, but I can post those too, if you are interested. I saved all the settings, and the pln file, so it can be reproduced. Of course, every scene is different, so a little tweaking will be needed when you use these settings, but it should be a good start.
I will post a scene where I used one of these settings.