My personal recommendation for water is a somewhat different approach, actually...
These days, I AM running FS2004... not FS2002 as I have become notorious for on some other sites, so I do know what I am talking about...
For my personal water, I use the environment maps from Aquarama (here -->
http://library.avsim.net/download.php?DLID=85862), water textures as included in REPro (bright water set, although the dark set works too... REPro is here -->
http://library.avsim.net/download.php?DLID=91533), and waves from this pack (Environmental Water Effects Library by Ed Truthan here -->
http://library.avsim.net/download.php?DLID=13842) I use the medium strength NE wind pack... the waves are FS2002 waves, so you will need to copy and rename textures so that the animation totals 32 textures rather than just 16 AND THEN set your water detail settings to LOW... but I think you will find that the effect is really quite astounding.... much better then any FS2004 water I have ever found...
But if you like that, have fun with it!
