Pembquist, I believe a "torpedo cam" has been proposed before. If you get killed after dropping torps you can remain attached to one as an observer until it hits or reaches its maximum time limit. I think that would be cool.
As for the 5" guns, as I've said before, in the hellish nightmare war that is AH, where everyone's an expert on everything, everywhere, shots that are technically possible but very difficult in real life are commonplace. That is simply a factor of having hundreds of hours of practice on weapons systems, training that was never available in real life. Dive bombers were much more successful in real life because 5" gunners (and their foreign equivalents) couldn't pull of the kind of consistent gunnery you see in the game.