Thanks for putting up the link, IBob - somewhat more persuasive than untested old wives tales. As with most of his work, Paul is pulling together the threads, pointing in a direction and providing the benefit of his experience and research, not providing a definitive instructional treatise. Still a useful read.
For those lacking a functional google app, here's another with several further links embedded. It is a little dated in regard to epirb and plbs, but the aircraft and underlying message remain the same.
http://www.equipped.com/aopa-ditch-rebut.htm
Now Student Pilot, I'm not sure why you found it necessary to make comments about correcting grammar, nor indeed why you feel the need to sink the barb about leaving this to the experts. Every one of us who aviates over or near water may face the dilemma one day and have to do the best we can. And no, this has nothing to do with the Hudson ditching, airline pilots have entire training departments to tell them what to do in that event. You may have noticed that I referred to light aircraft. I'm sure you are a perfectly nice chap face to face and have plenty if wisdom to share, however, do not expect dangerous old wives' tales to go unchallenged.