I like this concept, very original.
As mentioned the waves need some work.
It's a pity, in my opinion, that the watershader of TG2 is so ridged compared to TG0.9x.
Everything in TG2('s water) is better except the waters' noise-function.
Making smooth water with more curvy waves instead of sharp ridges is very hard.
You can reduce the small scale size further but it will give bad results I think.