Hi Jon.
   
  I have a couple of thoughts/questions on the 
  pressure compensation of the pump. Would the pump even need 
  pressure
  compensation? If the pump is fully flooded at 
  ambient water pressure why would there be a need to compensate 
it?
  The other thought/question I have is this...in 
  theory, a pump as you envision would act to compress the water 
and
  exert it outward in a jet resulting in forward 
  motion utilizing the principle of for every action there is an equal and 
  opposite
  reaction, correct? However, the pump has a limit 
  to the force it can exert upon the water in creating this water jet 
  correct?
  So if you were deep enough for the outside 
  ambient water pressure to equal or exceed the same pressure the pump 
  exerts
  on the water it pushes thru the jet, wouldn't 
  this actually equalize and stop the pump from working? Just a thought, I 
  haven't
  really thought this totally thru. What do you 
  think?
  Bill Akins.