Brent. I have noticed that the hinge pin on some of the hatches are in a slightly elongated or oval hole so that the pin isn't holding up the hatch when it's closed. Also, some of the guys have hard ''o'' rings, and some have much softer ones. 1/2 inch looks to be the norm. I think if the mating surfaces are machined well enough, you won't get water passing the ring, as the area for water intrusion is VERY small when the hatch is pressed down by external pressure.
The tourist subs I've seen all have one ''O'' ring. Can't argue with what works. Frank D.