I agree about the reflections & probably would remove them altogether.  I'd also do some blurring to make the colors blend better.  Saxman,  I didn't get a shot with the grid, but if you look at the pic from in-cockpit, that was at an alt of about 50 ft.  I think that one shows best the wave "height".  Though this texture is far from ready,  I just wanted to show what type of water we could have, with no fps loss that I've ever found.