Hi Alan.Good photos. The use of a bicycle innertube is a good idea as it 
  will expand and is easily replaced.
  Might be a little thin though. The power steering boots I'm using are 
  pretty strong at about 3/16 inch thick.
  I had originally planned on using a plastic tube bladder that 
  could collapse as the oil was drained away, like has been proposed for 
  the Minnkota motors for compensation but the actuators move more oil in/out 
  than the motors would, so I went with a larger bladder. 
  As for depth, well, it's true that the pressure is equalized. That's the 
  whole purpose of "oil compensation". But it just seems that a more "robust" 
  system like high pressure hydraulics would be more likely to withstand the 
  rigors of deep diving.
  I really went with the electric actuator method because I liked the idea 
  of using electrical thru-hulls ( only takes one) over a supply/return 
  hydraulic system where two thru-hulls are needed. OK provided I can get it 
  sealed up.
  That, and the fact that an electric pump and all the related plumbing and 
  pressurized oil reservoir of a HP hydraulic system makes the system more 
  complicated ( high maintenance) and expensive to build and 
  maintain/replace.
  For "position sensing" I wonder if it's possible to add a magnet to the 
  stroke some where and then put a series of sealed magnetic switches next to it 
  to sense position. One problem I foresee would be the number of wires 
  needed to get the signal from several positions. The wires would be quite 
  small but a multi prong thru-hull can get pretty complicated.
  Seems like it would be better to just shell out the money for the 
  MinnKota actuators and use the "off-the-shelf" rocker switch with the led 
  graph. The Lenco actuators can be had on Ebay and they too have an LED thing 
  to show position. Again, the wiring is a six wire cable making the thru-hull 
  more complicated.
  I've been leaning toward adding another pair of windows to the sub on the 
  sides so the dive planes would be visible. My current window design needs some 
  additional work to reach my intended depth so when I fix that problem I will 
  be adding the other two windows also. Always better to have good visibility. 
  For now though, I'm still trying to get her ready for the July convention so 
  any big changes will have to wait for next year.
  I made a quick sketch of the CV joint bladder. It fits in the little 
  space between the hull and ballast tank and if it works will be easily 
  maintained. Once all these components are fabricated I'll pressure test them 
  in a bench-top chamber to see what problems pop up.
  Frank D.